Global Summits Organiser International Research Networks (IRN)
recently hosted the high-level Oil & Gas International Licensing 2015
Summit at the Landmark Hotel in London on 20-21st January 2015. The Summit
attracted more than 80 delegates from international companies as well as
Ministerial delegation, and hydrocarbon agencies representatives from Mexico,
Colombia, Turkey, Western Australia, Malaysia, Trinidad and Tobago, Uganda,
Ecuador, Nigeria, Mali, Newfoundland, Nicaragua, Iceland, Argentina, and
several others.

London
(PRWEB UK) 29 January 2015

Global
Summits Organiser International Research Networks (IRN) recently hosted the
high-level Oil & Gas International Licensing 2015 Summit at the Landmark
Hotel in London on 20-21st January 2015. The Summit attracted more than 80
delegates from international companies as well as Ministerial delegation, and
hydrocarbon agencies representatives from Mexico, Colombia, Turkey, Western
Australia, Malaysia, Trinidad and Tobago, Uganda, Ecuador, Nigeria, Mali,
Newfoundland, Nicaragua, Iceland, Argentina, and several others.

Guillermo
I. García-Alcocer, Head of Policies for Exploration and Extraction of Hydrocarbons
at the Ministry of Energy of Mexico, opened the event with an update on
Mexico’s energy reform and how it will be implemented in the coming months. He
referred to Mexico’s hundred years of E&P history in his speech, mentioning
that although the country doesn’t possess the latest technologies, it benefits
from a good supply of crude oil.

Presentations
were given by Selami Incedalci, General Manager of Petroleum Affairs at the
Ministry of Energy and Natural Resources of Turkey, and Dorina Cinari, Director
of the Extractive Industries Transparency Initiative (EITI) of Albania, who
both discussed the necessity to provide a stable, transparent and objective
environment for investors through licensing systems.

Seismic
data was a key point of discussion by experts in the fields, as well as Gold
Sponsor Spectrum ASA, and Exhibitor Sponsor Proseis AG. The latter two gave an
overview of a licensing round from the Seismic partner perspective, including
several global examples, and explained that ‘in the end, it’s all about G&G
– geology and geophysics.’

The first
day of the Summit also included insightful presentations by Richard Riordan,
Trade and Investment Manager at the Government of Western Australia, who
presented on the acreage release process of oil and gas titles, reminding
potential investors that Western Australia’s current Licensing Round is closing
this year with only a short time left for new bids; and by Thorarinn Sveinn
Arnarson, Hydrocarbon Exploration Manager at the National Energy Authority of
Iceland, who stressed the importance of seeking feedback from unsuccessful
rounds and use the lessons learned to attract more international investors, as
Iceland did, particularly by improving licensing terms.

The
delegation of the Summit then went onto pursue business conversations with
international oil and gas thought leaders during the Champagne Reception. The
evening pleasantly continued with a prestigious private Gala Dinner.

The second
day began with the Chairman Richard Moreton, Executive Director at Ardent Oil,
giving examples on successful licensing rounds worldwide. This was followed by
a talk from Petronas, given by Salina Safiullah, Manager of the Block Promotion
Basin Assessment and Promotion Petroleum Resource Exploration. She assessed
effective methods to promote licensing rounds, specifying that ‘[they] are
still learning’.

Platinum
Sponsor Nalcor Energy, represented by Jim Keating, Vice President Oil and Gas,
presented on the exploration plans and activities in Canada’s next energy
frontier, offshore Newfoundland and Labrador. Mr Keating shared early insights
from Nalcor’s exploration strategy, including global analogues from some of the
world’s leading oil and gas discoveries.

Later that
day, Dritan Spahiu, Director of Policies and Development of Hydrocarbons at the
Ministry of Energy and Industry of Albania addressed the industry crisis,
stating that the current situation of oil price concerns Production Companies,
which shouldn’t affect Albania, that is currently in an extensive Exploration
phase. He then added ‘Albania has very high potential in crude oil, it is very
positive for investors’ and invited the audience to join the Albania Oil, Gas
& Energy 2015 Summit in a few weeks, where more details around the
opportunities will be unveiled.

Additionally,
the second day featured a Panel Discussion moderated by Gold Sponsor Zebra Data
Sciences, along with the National Energy Authority of Iceland, Petronas, Petra
Petroleum, Ardent Oil UK and the Ministry of Energy and Industry of Albania.
The oil and gas leaders debated on how effective marketing campaigns can lead
to successful licensing rounds. Delegates in attendance learned that virtual
data rooms and the use of multimedia facilities enable maximum outreach to
effectively market a licensing round; and that uncertainty, such as
rule-changing mid-way through the negotiation process, or unrealistic
timeframes, are a ‘no-go’ for application process.

The last
presentation of the Licensing Summit was given by Richard Moreton, Executive
Director at Ardent Oil UK. He presented a small exploration company’s
perspective on licensing round reality checks. Petra Petroleum’s CEO, Robert A.
Lambert, joined him in emphasising that ‘smaller IOCs generate strong ideas and
invest in new opportunities’.

Amongst
the companies that attended the Summit were BG Group, BP, Dentons, Dolphin
Geophysical, the Embassy of Colombia, Empresa Nicaraguense del Petroleo,
Extractive Industries Transparency Initiative of Albania, Hydrocarbons
Secretariat of the Government of Western Australia, Inter-Continental des
Services, ION Geophysical, Jardfeingi, Lyme Bay Consulting, Lynx Information
System, the Ministry of Energy and Mineral Development of Uganda, the Ministry
of Energy and Natural Resources of Turkey, the Ministry of Energy of Mexico,
the Ministry of Mines of Mali, MultiClient Geophysical ASA, Nalcor Energy, the
National Energy Authority of Iceland, Orca Exploration UK Services, Petronas,
Proseis, Sasol Exploration & Production International, Searcher Seismic
Pty, Spectrum Geo Limited, Statoil, the Petroleum Regulatory Agency of Nigeria,
the Western Australia Department of Mines and Petroleum and Zebra Data
Sciences.

More
information on the second edition of the Oil & Gas International Licensing
Summit next year, is available athttp://www.irn-international.com or upon subscription to IRN
newsletter. Documentation and presentations are available for purchase for
those that did not attend.