Offshore Europe is staging a “Dragon’s Den” on the final day of the show (September 8).
The event will feature four firms offering new generation technologies that they hope will fire up the dragons … four heavy hitters drawn from the oil and gas and related investment communities.
The dragons are a truly scary lot, not least Leo Roodhart, who has a career reaching back 30 years. A past president of the Society of Petroleum Engineers (SPE), his last posting was as head of GroupGameChanger … Shell’s corporate strategic technology innovation programme.
Occupying three further armchairs will be Max Rowe, current chairman of the Aberdeen-based Industry Technology Facilitator (ITF); David Reid, who is vice president for exploration and production technology and business at Houston-based National Oilwell Varco; and Trevor Burgess, managing director of Lime Rock Venture Capitalists in Aberdeen.
As for the hopefuls … the companies eager to catch the eye of the dragons are Jan Atle Andresen of Siem WIS with a riser pressure control device; Lars Olrik of Verdande with DrillEdge … a real-time intervention tool that identifies critical drilling problems in advance; Kjell Erik Drevdal of Badger Explorer with a new formation and reservoir evaluation tool which drills into the underground without the risks, cost and complexity of drilling an exploration well with a rig; and Jostein Aleksandersen of Reelwell with a drilling method that is claimed to provide access to reserves that otherwise cannot be developed when the alternatives of new platforms and subsea tiebacks are too expensive or risky.
Jeremy Cresswell, editor of the Press and Journal supplement Energy will be hosting the SPE event , which has been masterminded by well completions technologies specialist Malcolm Pitman of Tendeka.