Future Oil & Gas 2020 Post-Event Report

FUTURE OIL & GAS 2020

POST-EVENT REPORT EXPLORING THE DISRUPTION AND INNOVATION SHAPING THE OIL AND GAS INDUSTRY th

4 edition | 1 - 2 December 2020

#FOG2020 #FutureOilGas

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2020 EVENT HIGHLIGHTS More than 1,000 delegates, speakers and exhibitors from across the world tuned in online to share insights, debate topics and access business opportunities at the fourth Future Oil & Gas, a two-day virtual conference and exhibition held on 1–2 December 2020.

Exploring how digitalisation, disruption and innovation are shaping the upstream oil and gas industry, speakers analysed the challenges and opportunities of digital transformation with a focus on IoT, AI, machine learning, blockchain, energy transition, data analytics and cybersecurity.

For energy transition to be competitive and for digital to work, it's all about data, data, data. Startup companies are vitally important to the process Johan Krebbers, VP IT Innovation and GM Emerging Digital Technologies, Shell

The oil and gas industry is going through a significant transition, and events like Future Oil & Gas help us stay connected to continue pushing innovation boundaries and driving industry sharing and collaboration Patricia Rangel, VP Intelligent Operations, Upstream Digital, bp

Technologies, Shell

For operators in the North Sea, where the operating cost is around US$650,00 per day, implementing a series of AI applications can lower nonproductive time by about 3% Brendan Sullivan, CTO & CIO, RigNet

FUTURE OIL & GAS 2020 VIRTUAL CONFERENCE & EXPO

THANK YOU I feel very honoured on behalf of Cavendish Group to have welcomed the oil & gas industry to the first ever virtual Future Oil & Gas. It’s fantastic to bring our community together once more in a year of unprecedented events.

I’d like to thank all our key partners and sponsors who have continued to offer tremendous support and value to our event. We have had immense feedback from real thought leaders and 2020 has facilitated more collaboration than ever before. I would also like to extend our gratitude to the Future Oil and Gas advisory board who have helped shape the theme of the months.

So, what will 2021 bring. We all know that we have never seen a year like this that has caused many to re-look into their operations worldwide. We are now living in a world of aggressive oil pricing which now has a huge impact on the pace at which these technology advancements get adopted.

We recognise the next few years will be challenging for the oil and gas industry. In the age of energy transition, one does wonder what the oil company of the future look will like. The emergence of hydrogen as a potentially scalable and profitable source along with other renewable energies is encouraging but is this process more for the long term or can it be considered realistic in the more immediate future and how will geopolitical uncertainties lead to investment, or lack of it.

The realities of the scale of energy transition seem to still be somewhat unknown and the negative conations around oil production seems to have blurred messages to stakeholders and investors alike.

We all need a clearer picture going forward.

Bringing digitalisation from senior management to the oil field remains one of the greatest challenges as we look to analyse the critical actions companies must take to build a sustainable digital culture both at the leadership and operational level. Added to this the acceleration of remote working in 2020, there are clear obstacles we need to pass in order to move forward and establish effective business and revenue models.

Sincerely, Adam Soroka Managing Director Cavendish Group

CLICK TO VIEW ON DEMAND CONTENT FROM THE CONFERENCE

Future Oil & Gas accelerates digital transformation Following two inspiring keynote addresses and 12 thought-provoking panel sessions across the two days, one of the common threads running through the chat room, break-out sessions and exhibitor booths echoed insights from last year's Future Oil & Gas live event: people are critical in driving digital transformation. But, as many delegates heard this year, that digital transformation journey must be contextual and data-driven.

Welcoming a global audience including operators, oil service companies, integration solution providers, technology innovators and other key stakeholders in the upstream industry, Adam Soroka, Managing Director of Cavendish Group said: "We have never seen a year like this that has caused many to re-examine their operations worldwide. We are living in a world of aggressive oil pricing, which has a massive impact on the pace at which technological advancements are being adopted.

"Next year is considered the real year

of change. If companies wait to adopt innovative technologies any longer, they may never catch up. The technology on display throughout this event has never been so important to date. But talent matters too. It's the ability to adapt and develop the next generation of skills that will enable companies to succeed."

Bringing energy transition and digitalisation together, Stuart Broadley, CEO of EIC and Chair of the event said: "Energy transition is inevitable and potentially the next dot-com bubble.

When it happens, it's going to be a major change, and it's going to be fast and radical and affect us all. Analysts predict the market will be worth US$2trn per year between now and 2050. We don't know which technologies will be the winners and which companies will emerge as the new energy equivalents of dot-com wealth leaders Google, Apple and Facebook. Tesla is the first energy disruptor to reach the top rich list, but who will be next?

"If we want to grab the energy transition opportunity, we have to fully grasp the

digital disruptive opportunity as well.

That is how important Future Oil and Gas is."

In his keynote speech on Day 1, Johan Krebbers, General Manager for Digital Emerging Technologies and Vice President of Information Technology Innovation at Shell took delegates through the company's digital journey, focusing on how digital technologies including robotics, machine learning, 3D printing, cloud computing and advanced analytics are helping add value through increased productivity and lower capital and operating costs. He stressed the importance of working with startup companies, "For energy transition to be competitive and for digital to work, it's all about data, data, data. Startup companies are vitally important to the process; they bring new capabilities and have clear advantages in this competitive environment. Innovation and the adoption of new technologies are key aspects of any startup."

In her keynote speech on Day 2, Patricia Rangel, VP Intelligent Operations,

"

The upstream industry is a follower, but we're not following as fast as we should be. Events like Future Oil & Gas shows people how the workflow works, which helps to demystify digital transformation, enabling more people to be open to it.

Upstream Digital at bp, talked about the role that digital is playing in bp's transformation and what bp is doing to deliver that transformation at pace.

As bp transitions from an international oil company to an integrated energy company, she said: "The opportunity to reinvent bp has given us the chance to integrate and optimise our digital investment. We plan to double our investment in digital to around US$1.5bn per year from 2025. Most importantly, we expect this integrated transformation approach to reduce fixed and variable operating costs by USS$1bn by the end of 2023, and provide US$1bn in enhanced revenues through production and asset optimisation by the end of 2025.

"We are experiencing the most difficult times that I have seen in my 25 years of working at bp. The oil and gas industry is going through a significant transition, and events like Future Oil & Gas help us stay connected to continue pushing innovation boundaries and driving industry sharing and collaboration."

Brendan Sullivan, CTO of RigNet,

reinforced the operational efficiency savings and safety gains to be had by AI. "We are starting to see operators that are running optimising process applications on today's sensored rigs, benefitting from more than 10–20 times the return on investment for the software package. For operators in the North Sea, where the operating cost is around US$650,00 per day, implementing a series of AI applications can lower non-productive time by about 3%, that's about US$20,000 per day and US$7m per year. Remote monitoring and inspection mean less personnel are required on the rig and a reduced risk of COVID exposure. For FPSO's the gains are even higher."

William David Hartell, Managing Director of Stellae Energy Ltd, joined Adam Soroka to close the laptop lid on two-days of lively and stimulating debate, and discuss the two key messages arising from the conference – empowering people and contextualising data. Dave Hartell said: "Talent matters.

For successful digital transformation, you have to have empowered people close to the assets, so the term Agile Teams showed up in several panels and

presentations over the two days. The working culture needs to change; it can't be so siloed. Top-down decision-making needs to demonstrate flexibility and defer some decisions to these teams.

They're the ones that are going to be capturing the insights and figuring out the optimum decisions.

"Over the two days, we saw some good examples of workflows in case studies where companies have been successful in enabling people to access data. Critical operational systems need to be connected so advanced analytics can be done, so asset performance management, maintenance management and prized asset management can all take place.

"The upstream industry is a follower, but we're not following as fast as we should be. Events like Future Oil & Gas shows people how the workflow works, which helps to demystify digital transformation, enabling more people to be open to it."

Cavendish plans to make Future Oil & Gas the go to event in Europe for technology collaboration for operators and oil service companies alike.

A GLOBAL MEETING PLACE FUTURE OIL & GAS 2020 IN NUMBERS

1,136 REGISTERED ATTENDEES

71

SPEAKERS

34

EXHIBITORS

27

CONTENT SESSIONS

73% ATTENDED FOR "EXCELLENT CONTENT & SPEAKERS" 62% ATTENDED FOR LEARNING 54% ATTENDED FOR NETWORKING & BRANDING OPPORTUNITIES

36 COUNTRIES REPRESENTED AT FUTURE OIL & GAS 2020 TOP 10 COUNTRIES

“The attraction in participating in Future Oil & Gas is in the diversity speakers, panelists and audience. I get the chance to engage with international oil majors as well as technology providers from the across the globe and get their honest feedback on the challenges that we face in the energy industry in the prevailing conditions that is engulfing us today. I can also obtain valuable insights on the fiscal strategies that the panelists are putting in place, which can provide a fruitful reference point to PETRONAS” Fadhlan Nik Abdul Aziz, Head of Innovation, PETRONAS

ATTENDEE PROFILE COMPANY ACTIVITY (TOP 10):

35% - TECHNOLOGY COMPANIES

SAMPLE JOB TITLES

12% - CONSULTANCIES

AI Lead Application Analyst Chief Information Officer Chief Information Security Officer Chief Innovation Chief Technology Officer Cybersecurity and Technology Planner Data Scientist Digital & IM Director Digitalisation Manager Digitalisation Senior Expert Digital Program Manager Digital Twin Programme Manager Energy Transition Manager Head of Change Management Head of Digital Transformation Head of Innovation IT Architect IT Director IT Innovation Lead Analyst IT Principal Data Scientist Senior Data Scientist Solutions Architect

11% - EPCI CONTRACTOR 9% - INDEPENDENT OIL & GAS COMPANIES 8% - OILFIELD SERVICE COMPANIES 7% - MAJOR INTEGRATED OIL & GAS COMPANIES 6% - EQUIPMENT MANUFACTURERS 3% - NATIONAL/STATE OIL COMPANIES 2% - GOVERNMENT/RESEARCH BODIES 2% - REFINING AND PROCESSING/PETROCHEMICALS

VP Transformation

JOB FUNCTION ADVISOR / CONSULTANT

INFORMATION TECHNOLOGY

CEO / DIRECTOR / MAN DIR

ENGINEERING

"The Future Oil and Gas 2020 event was one of the best events of the year, among the events focused on knowledge sharing on oil and gas industry transformation" Dr Satyam Priyadarshy, Technology Fellow and Chief Data Scientist, Halliburton

"Future Oil and Gas is a great conference with a high quality program, great topics, knowledgeable speakers and participants" Einar Landre, Lead Analyst IT, Equinor

Future Oil & Gas 2020 Key Takeaways

1 2 3 4 5 "

Digital transformation is about talent, not technology

It's the ability to adapt and develop the next generation of skills that will enable companies to succeed.

Technology is available, but for successful digital transformation, you have to have empowered people close to the assets. Even the most brilliant innovation is irrelevant if we are not skilled enough to use it.

Contextualise the data for a single source of truth and make it accessible

It is vital that employees have access to and can use the same, unified source for all their data needs instead of debating which of many competing data sources should be used for making company decisions.

A robust data and business intelligence infrastructure can eliminate duplicate entries of data and provide decision-makers with the right data at the right time.

Agile structure and ways of working

Agile businesses are able to change the overall system completely in response to a unpredictable external forces. Static, siloed and structural hierarchies are destined for failure where an agile organisation has the ability to quickly reconfigure strategies toward value-creating and value-protecting opportunities.

COVID has highlighted inefficiencies in working practices

In the last year, COVID-19 has changed our working practices. Opportunities have arisen to free ourselves from bad habits and inefficient processes, from ineffective meetings to unnecessary bureaucracy.

For energy transition to work you need data, data, data

Data is critical to energy transformation as it is the basis upon which utilities will solve the foundational

challenges of the transition. Digitalisation offers the potential to increase energy efficiency through technologies that gather and analyse data for responsive energy supply. The connectivity benefits of digitalisation allow digital technologies to both increase end-use efficiency and the efficiency of the entire energy system.

I would like to congratulate Future Oil & Gas 2020 for organising an event with such a packed and high-quality agenda and so many expert speakers and on-themoney panel topics. I was particularly struck by the emergence over the two days of a new insight – the clear link between digital innovation adoption and energy transition. I noted, with great interest for the future, that those regions that are already mature in digital adoption in energy, such as Australia, Norway and California, are also most likely to be those regions that will most aggressively invest in, and adopt, energy transition technology in the coming months and years. I look forward with great expectation to next year’s event.

Stuart Broadley, Chief Executive Officer, Energy Industries Council

SPEAKERS

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Johan Krebbers, VP IT Innovation and GM Emerging Digital Technologies, Shell

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Saeed Mubarak, Chairman, SPE Digital Energy Technical Section

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Patricia Rangel, VP Intelligent Operations, Upstream Digital, bp

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David Edem, Digital & IM Director, Chrysaor

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Dr Alister Forder, VP Transformation, bp

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Kine Johanne Ardal, Digitalisation Manager, Pandion Energy

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Cetin Karakus, Global Head of Quantitative and Analytical Solutions, bp

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Esther Diederen, People and Process Transformation Lead, Spirit Energy

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Noorddin Taj, Technology Strategy, Architecture and Digital Innovation Lead, bp

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Philip Black, PE, Global Emerging Solutions Lead, Digital and Technology, Wood

»

Ken Nguyen, Digital Program Manager, Capital Projects, bp

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Alexander Klebanov, Chief Data Scientist, Chesapeake Energy

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Michael Lewis, Cyber Security and Technology Planner, Chevron

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Julian Zec, Senior Program Manager Optimisation, Maersk Drilling

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Richard Zhang, Software Product Development Lead, Hydrogen, Shell

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Vaseem Khan, Global Vice President, Digital and Analytics, McDermott

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Marijn Bezuijen, SME and Business Opportunity Manager, Predictive Maintenance, Shell

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Kaveh Pourteymour, CIO, Neptune Energy

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Andrea Course, Venture Principle, Shell

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Ian Ambler, DELFI Program Manager, Schlumberger

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Adriana Garcia, IT Innovation Lead, Shell

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Jaco Fok, Chief Innovation, OMV Petrom

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Bethan Vasey, Energy Transition Manager, UK Upstream, Shell

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Elisabetta Purlalli, SVP Digital & IT, Head of Change Management, Eni SpA

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Rolf E. Saeter, Business Improvement & Technology Manager, Shell

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Xiaojun Huang, Project Executive Upstream Digital Transformation, ExxonMobil

Adrian Fielding, Global Director for Plant and Personnel Safety and Integrated Protective Solutions, Honeywell Process Solutions

»

Rob Kennedy, Digital Twin Programme Manager, Wood

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Subrata Bhownik, PhD, Senior Machine Learning Engineer and Data Scientist, McDermott International

»

Neil Pickering, Head of BD and Sales North Sea Offshore Operations, Bureau Veritas

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Steve Johnson, VP Digital, Petrofac

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Einar Landre, Lead Analyst IT, Equinor

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Harald Wesenberg, Specialist IT, Equinor

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Fadhlan Nik Abdul Aziz, Head of Innovation, PETRONAS

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Shane McArdle, SVP Production, Kongsberg Digital

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Dr Satyam Priyadarshy, Technology Fellow and Chief Data Scientist, Halliburton

»

Steffan Lindso, Subsea Robotics Product Manager, Oceaneering

»

Rashed Al Rashed, Project Manager, Saudi Aramco

The wide number of topics related to energy transition and digitalization that were covered by an extra-ordinary list of speakers from the industry was impressive.

Manas Pathak, Global AI Lead for Oil and Gas, Intel Corporation

I enjoyed being a part of a world class panel of expertise discussing digital twin and AI at the Future Oil and Gas conference. In addition, even in during global pandemic, the audience participation and knowledge was excellent. Overall, really great event.

Ken Nguyen, Digital Program Manager, Capital Projects, bp

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EXHIBITORS

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TESTIMONIALS It was enlightening and humbling to leaven to and be part of discussions that move our industry forward into the future. Exciting to connect with people from all corners of the world on one screen in a stimulating professional conversation.

Alexander Klebanov, Chief Data Scientist, Chesapeake Energy I have really enjoyed balanced approach and quality of presenters on 2020 Future oil & gas conference. It was a combination of deeply technical and strategic “influencers” in oil and gas, outlying 30000ft and 100ft digitalization path of the industry.

Julian Zec, Senior Program Manager, Maersk Drilling​ I was impressed by the depth of experience of the panelists I have had a chance to exchange ideas with in the automation panel I have moderated and found the insights they have shared thought provoking and very practical, worthy of further exploration in my own line of work.

Cetin Karakus, Global Head of Quantitative and Analytical Solutions, bp

A well organised, insightful event that brought some great minds together to help frame the art of the possible in terms of future of Oil and Gas, including how data and digital provides an essential foundation.

Dr Alister Forder, Vice President Transformation, bp

I participated in the event as a member of the audience, a panelist and a moderator, and must say was impressed with the quality of the discussions and the focus on today and tomorrow rather than yesterday. I found the technical level of the discussions about right, and the subject matter relevant to our challenges today.

Vaseem Khan, Global Vice President, Digital and Analytics, McDermott The Future Oil & Gas sessions provided great insights into current digital trends and innovation in upstream. As a sponsor, it was an amazing opportunity to expose our brand to industry thought leaders.

Jason Olbekson, Industry GTM Director, Salesforce

Great event, very professionally organized and executed. Fully virtual environment enabled maximum industry exposure and impact.

Andrei Kalinichev, Director Upstream Oil and Gas, Dassault Systemes

The Spartan team got real value from the FOG20 event. It gave us a chance to present, discuss and debate the future of Asset Performance Management and Predictive Maintenance with Operators and partners in the Oil & Gas digital ecosystem.

John Glen, Co-Founder and CFO, Spartan Solutions I was impressed on how smoothly the sessions were composed and facilitated, and really enjoyed the very insightful discussions held. During such a tumultuous time in our industry, it was great to come together with other Energy and O&G professionals to share challenges and successes.

Adriana Garcia, IT Innovation Lead, Shell

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www.futureoilgas.com FOR EXHIBITING AND SPONSORSHIP ENQUIRIES Adam Soroka Managing Director T +44 (0) 203 675 9531 E adam.soroka@cavendishgroup.co.uk