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PESA NSW October 2018 Technical Lunch

Tuesday, October 9 @ 12:00 - 14:00

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https://www.pesa.com.au/wp-content/uploads/2018/09/Bala-Kunjan-1.jpg

Guest Speaker: Balakrishnan Kunjan

Bala has been in the Oil and Gas Exploration/ Production business for 40 years. His work experience includes involvement in Exploration/ Appraisal/ Development in the Malay Basin, Ravva Field & Deepwater Discoveries in the Krishna Godavari Basin (India), E.Spar (Carnarvon), Tui Oil Fields (NZ), Casino (Otway), Yolla (Bass Strait), multiple Cooper Basin Fields, and in Indonesia, in East Java Sea, Madura Strait, Mahakam Delta and Central Sumatera Basin. He has also done extensive review of prospectivity on both the East and West Coast Basins of India.

His work experience commenced upon graduation, in Esso Malaysia (1977-1985), followed by various positions in Delhi Petroleum (Adelaide), Ultramar (Sydney), Santos (Adelaide), WMC (Perth), Command/ Cairn India (Sydney/Edinburgh/Chennai), Reliance (Mumbai), AWE (Sydney), and Drillsearch (Sydney). He currently works with Cue Energy in Melbourne as an Exploration Advisor. Mentoring younger professionals has been part of his interest and he is in the AAPG Visiting Geoscientist Program. He has also authored papers which have been presented at various meetings and Conferences.
BSc Hons (Geophysics Major) – Science University Malaysia, 1977.
MBA – AGSM, UNSW, 1990.

Papers/ Articles Bala has authored/ co-authored:

Airborne Gravity/ Gradiometer Survey over the Pelarang Anticline, Onshore Kutai Basin, Indonesia – Asbjorn Christensen et. al. presented at AEGC 2018 Sydney

Exploration Chance of Success Predictions — Statistical Concepts and Realities – ASEG Conference, Adelaide, August 2016

http://www.publish.csiro.au/ex/pdf/ASEG2016ab150

Exploration Chance of Success Predictions – Meanings, Perplexities and Impact –

June 2017 edition of the SPE Norway Magazine, The First, Pgs. 10-15

https://higherlogicdownload.s3.amazonaws.com/SPE/a9890ca7-fae3-4ee2-8ea9-4dc3623a372a/UploadedImages/Oslo%20Magazine/TheFirst_May_2017-V2-resized.pdf

Computers and the human brain in our business: questions to consider – April 2018 issue of the ASEG Preview magazine, Pgs. 32-33

http://www.publish.csiro.au/PV/pdf/PVv2018n193p32?jid=PVv2018n193&xhtml=B949F1CA-3682-497B-9992-2FACC030EA54

The Need to Retain Experience in O&G – GEOExpro Magazine June 2018, Pgs. 28-39

https://assets.geoexpro.com/uploads/ce63b3ab-0363-43c8-aa11-2524ede7d015/GEO_ExPro_Geoscience_Magazine_V15i3.pdf

Utilizing Tuning/AVO Phenomena to Predict Oil Column Height in the Tui, Amokura and Pateke Fields, New Zealand

http://www.publish.csiro.au/EX/ASEG2007ab070

Kunjan, B. K., 2010, Bahamas – a large unconventional biogenic gas play in the Taranaki Basin – New Zealand: Petromin.

PESA NSW Technical Lunch Tuesday 9th October 2018

Title:
How to Conceptualise and Prepare for a Successful Exploration Campaign

Speaker:
Balakrishnan Kunjan

Talk Summary:

Exploration outcomes, both positive and negative, are statistical in nature. Despite this fundamental fact, many explorationists, managers, board members and shareholders continue to express surprise at exploration outcomes. Obviously, when a well is successful, everyone is a hero. But the truth is that more often than not, i.e. between 60-70% of the time on a global average, we do not obtain commercial success with our drilling campaigns. This is despite the best brains, the best technology and the best data available being employed.

The aim of my talk is to lay out the fundamentals of how to design a portfolio of prospects/ wells and predict at which stage of the exploration campaign we can deliver 90% certainty of at least one success. I have found this approach much more useful to set up the right expectations so that when the negative results inevitably come in, no one is surprised and that more patience can be encouraged in an organisation before eventual success. Having worked with many companies, I have seen much trauma where professionals are dismissed or teams reorganised based on incorrect understanding of the statistical nature of exploration outcomes.

My talk will also emphasise that companies which want to have a sustainable E&P business should limit their prospects to a certain Chance of Success range that match their financing capabilities. If this is not done, it will be shown that the probability of company failure increases.

Date & Time:      
Tuesday 9th October, 12pm for a 12:30pm start.

Cost:
PESA Members:                               $55.00 (Members must Log on to the PESA website to see the member prices)

Non-members:                                 $75.00

PESA Students Members:              $10.00 (Members must Log on to the PESA website to see the member prices)

Venue:
Castlereagh Boutique Hotel, 169 Castlereagh St, Sydney, NSW

Bookings close Friday 5th October 2018 for venue and catering purposes.


Details

Date:
Tuesday, October 9
Time:
12:00 - 14:00

Venue

Castlereagh Boutique Hotel
169 Castlereagh St, Sydney, NSW 2000 Australia
+ Google Map
Phone:
+61 2 9284 1000
Website:
http://www.thecastlereagh.com.au/

Organizer

PESA NSW Secretary
Email:
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