HGS Annual University of Houston Sheriff Lecture: Hess's Journey Into an Emerging Superbasin
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HGS Annual University of Houston Sheriff Lecture - Monday, November 9, 2020
A Virtual Event via Zoom
6:00pm - 9:00pm
HGS Members - $15 Non-Members - $35 Students - $5
Registration will close Monday, November 9 at 4:00pm. Meeting links will be sent at this time to the email used at registration.
**Non-Members can submit an application and pay their dues before registering to get the member price. Please call the HGS office at 713-463-9476 to be registered only AFTER your application and dues are submitted.**
Speaker: Mr. Timothy Chisholm, VP Exploration Developments and Productions, Guyana-Suriname Basin
Mr. Timothy Chisholm joined Hess in 2014 as VP Exploration and is currently responsible for leading a non-operated and integrated organization across the business spectrum of exploration, appraisal, and developments in the emerging Guyana-Suriname Basin. The joint venture with ExxonMobil and Nexen/CNOOC plans to go from zero to over 750 kbopd production by 2025 in the Stabroek license. Tim is also a member of Hess’s Exploration Council that acts as the decision review board for all aspects of global exploration and appraisal.
Prior to joining Hess in 2014, Chisholm was the Director of Exploration and New Ventures – Americas at Apache Corp. and prior to that was Regional Exploration Manager for Apache Egypt.
He began his career at Exxon in various technical roles, including Exploration Geophysicist and Expert Structural Geologist working the Gulf of Mexico and International New Ventures. He also spent more than a decade working for Shell in various exploration roles in the deepwater Gulf of Mexico, Northwest Borneo in Malaysia, and the Nile Delta in Egypt where his teams contributed to major oil discoveries at Gumusut, Vito, and Appomattox.
Mr. Chisholm holds a bachelor’s degree in Geology with Distinction from Colorado State University and a master’s degree in Geophysics with Honors from the University of Utah. His master’s thesis in 1990 on inferring climate change from borehole temperature profiles led to multiple NSF grants and research that is ongoing to this day. Between degrees Tim did an internship in environmental geology with Hydrofluent in Los Angeles, CA.
Hess's Journey Into an Emerging Superbasin and Ultra-High Impact Exploration for an Independent E&P Company
Hess’s entry into the Guyana-Suriname Basin is the highest impact exploration access in the company’s history. The story is about technical capacity, innovation and risk, with a bit of luck thrown in as well. It is a story that is grounded on those brilliant minds that came before us, a complete shift in exploration strategy and a result that has entirely reshaped a mid-sized independent E&P company. In 2014 Hess Corp, after a multi-year hiatus in exploration activity, reset the company’s exploration strategy to focus on the Atlantic Margins. Additionally, the evolution of decades of subsurface knowledge in the Guyana-Suriname Basin was followed by the Stabroek license coming out of Force Majeure, and then evaluation of current 2D and 3D data sets, followed by ExxonMobil and their partner opening a data room. Hess’s shift in strategy and farming into the block turned out to be the classic story of right place, right time. The joint venture is made up of ExxonMobil operating at 45%, Hess at 30%, and CNOOC at 25% working interest. Exploration in Stabroek has followed a discovery trajectory of finding >8 BBOE recoverable in less than 5 years since first discovery at Liza-1 in 2015. Hess secured an early, low cost acreage position across Guyana and Suriname totaling nearly 60,000 km2 or ~1,500 GoM OCS blocks across the heart of the basin. The joint venture in Stabroek has worked continually to optimize rapid appraisal and repeatable development concepts to maximize value for all the benefiting stakeholders – with, of course, the people of Guyana being the largest interest holder! Uniquely, the development is also occurring at a time when costs are near the bottom of the market. The value therefore unlocked by this opportunity is both company changing and Country changing. It will put Guyana at the very highest production per capita in the world with a plan to produce over 750 kbopd by 2026 and much more future potential to come. This opportunity has allowed Hess to move from 4th to 1st Quartile in exploration performance since 2014 and is delivering a leading position amongst our peers in total shareholder returns.
Student Poster Session
We invite interested professionals willing to serve as virtual poster judges to contact Dr. Dan Hauptvogel at email@example.com
Posters will be made available on Monday, November 9, 2020 from 3:00pm - 6:00pm.
Earth and Atmospheric Sciences Poster Competition
9am Nov 8 to 5pm Nov 9 – Viewing period for Poster Judges. Activated for them 1. Poster PDF and 2. Poster Video Presentations
3-5pm - EAS Posters and Videos available for viewing
5-6pm - EAS individual video/chat sites open for Q&A with the poster presenter (presenter is expected to be at their Team channel during this entire period).
6pm - Sheriff Lecture
Sheriff Lecture Sequence of Events
*times subject to change*
6:00 Mr. Bryan Guzman - HGS Introductory remarks
6:10 Dr. Tom Lapen (UH-Earth and Atm. Sci. Department Chair) - Department Update
6:30 Dr. Steve Naruk - Introduce the Sheriff Lecture speaker
6:35 Mr. Timothy Chisholm - Sheriff Lecture Presentation with Q&A
7:45 Dr. Fred Hilterman - Introduce the outstanding alumni award winner
7:55 Dr. Edip Baysal - EAS Outstanding Alumni Award - award acceptance - short presentation
8:05 Dr. Tom Lapen - UH Student Poster Competition - Award announcements
8:40 Dr. Tom Lapen - wrap up meeting
|HGS Member||$ 15.00|
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