F&C-WORKSHOP: An Industry in Transition - Emerging Challenges for Deepwater Oil Transportation in the Gulf of Mexico
In the past half century, subsea pipelines have transported billions of barrels of crude oil from offshore fields in the Gulf of Mexico to markets along the U.S. Gulf Coast, providing producers in the region with a welcome measure of stability in an otherwise high-cost, risky business. In the year 2000, what has evolved into perhaps the most extensive and dynamic offshore pipeline system in the world transported more than 523 million barrels of oil to Gulf Coast customers, more than 271 million barrels of which was from deepwater fields in the region.
The extreme water depths of some fields and their remoteness from markets already have raised the economic and technical challenges of using pipelines in deep water to the point that producers have begun rethinking oil transportation strategies and revising development plans. Shuttle tankers have recently emerged to challenge pipelines for the right to transport oil from future deepwater oil developments in the gulf.
This workshop features producers in the deepwater gulf, offshore pipelines, and shuttle tanker companies discussing the real-world oil-transportation issues with which theyÕre grappling, and the new business models and transportation options that will help keep deepwater oil development in the region vital. This exchange of views will be set up and punctuated by a keynote address by noted energy analyst Matt Simmons, who has identified transportation as a key, third phase of continuing oil development in the deepwater Gulf of Mexico.
More information available at http://www.spegcs-workshops.com
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$380 in advance, $450 at the door. Substitutions OK. No refunds. Will discuss block bookings by companies. This event is staged as a service to the industry by the Society of Petroleum Engineers (SPE), a non profit organization. When attendance has resulted in a surplus, in past years SPE has devoted a portion of it to scholarships for Houston area students to study petroleum engineering at area colleges.
Location:
Wyndham Greenspoint Hotel, 12400 Greenspoint, Houston, TX