Feb. 27, 2019


Description

Host: UpCurve Energy

Please join SPE Business Development as BP shares their latest developments and exciting growth story.

In 2018, BP completed its $10.5 billion acquisition of BHP’s U.S. unconventional assets, significantly upgrading BP’s U.S. onshore oil and gas portfolio and driving long-term growth. The acquisition added production of 190K boepd and 4.6Bboe of discovered resources in the liquids-rich regions of the Permian (Delaware) and Eagle Ford basins in Texas and in the Haynesville natural gas basin in East Texas and Louisiana. This world-class addition to BP’s global portfolio will be safely integrated into BP’s operations during 2019 and is expected to deliver growth well into the next decade.

BP’s Lower 48 business also changed its name to BPX Energy. Creation of this wholly owned Denver based subsidiary marks a new era for BP’s U.S. onshore oil and gas unit, which has operated as a separate entity since 2015 and has achieved material improvements in operational and financial performance since.

Concurrent with its execution of this transformational acquisition, BP announced that it would cover a substantial portion of the acquisition cost through divestment of a significant portion of its existing onshore US portfolio, including its premier operated positions in the San Juan basin, the Wamsutter field in Wyoming, the Arkoma and Anadarko basins in OK/TX, an established SWOOP asset, 3 ETX fields, and legacy non-op mineral and HBP leasehold assets in numerous conventional and unconventional basins.

Mr. Singh will walk us through the impact of these events and how BP plans to execute the actions needed to complete this transformation.

We will kick off with our popular 5-6 PM networking happy hour followed by the 6-7 PM presentation, including Q&A. Both will be on the third floor mezzanine.

SEASON PASS HOLDERS: You do not need to register for this event, as your Season Pass has automatically registered you for all 2018 – 2019 Business Development events. Thank you for being a Season Pass Holder!

 

VIEW THE PRESENTATION


Featured Speakers

Speaker Mo Singh, Senior Vice President, Business Development and Exploration, BP America Production Company
Mo joined BP in Feb 2015 from RBC Capital Markets, where he led all aspects of business development and execution of merger, acquisition and divestiture processes for oil and gas E&P clients. Prior to his role at RBC, Mo was a Vice President at Goldman Sachs Global Natural Resources Investment ...

Mo joined BP in Feb 2015 from RBC Capital Markets, where he led all aspects of business development and execution of merger, acquisition and divestiture processes for oil and gas E&P clients. Prior to his role at RBC, Mo was a Vice President at Goldman Sachs Global Natural Resources Investment Banking Division.  In this capacity, he led the E&P team analysing corporate and asset valuations and directed M&A and capital markets transactions in the E&P sector with total value exceeding $45 billion. Prior to his role at Goldman Sachs, Mo worked as business planner and senior reservoir engineer for Shell Exploration and Production Company.


 


Mo holds a BTech in Chemical Engineering from IIT Kanpur, PhD in Chemical Engineering from the University of Houston, and an MBA from the University of Texas at Austin.

Full Description


Addons

Donation

Price$5.00
Options Scholarship Fund

Date and Time

Wed, Feb. 27, 2019

5 p.m. - 7 p.m.
(GMT-0500) US/Central

Event has ended

If you do not have a full-time job in the oil and gas industry, are a full-time student or Member in Transition (MiT) member, and you do not see a discounted registration fee for students/MiT regarding this event, please contact the GCS manager at spe-gcs@spe.org.


Location

Four Seasons Hotel

1300 Lamar
Houston, Texas 77010