Session One – Prospectivity

Session One will take a deep dive into what makes the Newfoundland and Labrador offshore attractive to the global industry. There will be a focus on the extensive seismic program undertaken offshore – one of the longest running seismic programs in the world – from those leading the program, Nalcor Energy. Further, an in-depth look at the over 650 leads and prospects and 20 basins will take delegates into the underwater geology of the Newfoundland and Labrador offshore. The newest operator entrant into the Newfoundland and Labrador offshore – BHP, with a record bid in the most recent Call for Bids process – will discuss why the company has invested in the area.

 

8:30 a.m.     Newfoundland and Labrador Exploration Story

Kristian Johansen, CEO, TGS – NOPEC Geophysical Company

 

8:50 a.m.    Unlocking the value of Newfoundland and Labrador’s offshore potential

Jim Keating, Executive Vice President, Offshore Development, Nalcor Energy

 

9:10 a.m.     BHP backing Newfoundland and Labrador

Michael Faust, Exploration Director, BHP

Michael Faust will introduce BHP, showing the company’s scale, size and diversity through their strategy of owning and operating large, long-life, low cost, expandable upstream assets diversified by commodity, geography and market.  He will discuss how BHP’s petroleum exploration fits in with BHP’s overall strategy – highlighting how the Orphan Basin fits within their portfolio – and BHP’s confidence in our province’s political, regulatory and social framework that welcomes investment and benefits all Newfoundlanders and Labradorians. Faust will also discuss how BHP has created long-lasting and mutually beneficial partnerships with community and indigenous groups around the world and how BHP looks forward to introducing themselves to the community here in Newfoundland and Labrador. He will also provide a brief overview of their project timeline, which seeks to build meaningful and sustainable relationships with local suppliers and vendors.

 

9:30 a.m.     Q & A

9:50 a.m.     Refreshment Break