Prospex 2020

With the drought in conferences this year caused by Covid, it was a pleasure to be able to attend Prospex 2020, albeit virtually. In addition to hearing about prospects available for farm-in, there were discussions of what a net zero future may mean and opportunities to catch up with colleagues and clients via the online chat, over a coffee, or in the virtual Steam Passage with something a bit stronger.

Following on from the publication of the government’s documentation regarding achieving net zero carbon emissions, the committee on climate change has set ambitious climate goals, so it was helpful to hear from OGTC on their view of how we move forward as an industry. In addition to looking at greener energy technologies, a responsibility for the hydrocarbon industry is to look at reduced carbon intensity methods for exploration and production. Sessions also covered the personnel question of transfer of geological experience from hydrocarbon to green technology specialists and exactly what those green technology specialisms might be.

Moving back to the more traditional hydrocarbon focused Prospex, as usual a range of globally distributed farm-in opportunities were presented with a range of prospect types. It was interesting to hear about the latest technical work being done and see that companies are trying to maintain business as usual as far as possible over a difficult year.

Merlin would like to take this opportunity to thank the PESGB for their work to enable this conference to go ahead. The virtual interface worked very well and enabled us to network with colleagues quite effectively and enjoyably after what has been a very trying year for everyone.

If any companies require support in evaluation of New Ventures please drop us an email ( Merlin staff have significant global experience in this area having supported asset acquisitions for many of our clients, and are always happy to help in due diligence, opportunity screening. We are also experienced at carrying out block evaluations and aiding companies in their farm out ventures.