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Presenter

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Agile Database Approach to Non-

Operated Assets

Paulo Gomes

2EXTERNAL

DISCLAIMER 2019

The contents of this presentation are for informational purposes only. Halliburton**

makes no representation or warranty about the accuracy or suitability of the

information provided in this presentation and any related materials. Nothing in this

presentation constitutes professional advice or consulting services. No contractual

relationship with Halliburton is established by attending or viewing this

presentation. No rights to intellectual property of Halliburton are granted through this

presentation. The opinions expressed in this presentation are those of the author

and do not necessarily represent the views of Halliburton. **Halliburton means

Halliburton Energy Services, Inc., Landmark Graphics Corporation, and their

affiliates.

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1. Safety Topic

2. Company introduction & overview

3. Galp positioning as Joint Venture partner

4. Galp workflow – Drilling & Completion case study

5. Creating Distinctive Value

6. Conclusions & Road ahead

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Safety TopicContinuous Safety Performance Improvement - Positive trend is not enough

Data source: IOGP reports 2018s & 2018p

Reported work hours and fatal accident rate (1985–2018)

Have in place a safety culture and Attitude that prevents HSE incidents

31 Fatalities in 2018 767 Lost Time Incidents in 2018

Lost time injury frequency vs. total recordable injury rate (2009-

2018)

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GalpWe create and share value

6,360employees

3,277suppliers

570,000jobs generated throughout the value chain (in 2016)

€524 mdividend paid

€490 min payments to

the countries

€317 mpaid to our employees

17.1 mtonrefined products

sales

107 thousandoil and natural gas

barrels per day

Educational projectseach €1 invested transformsinto €3,14 of investmenttowards society

6,000 hoursof corporate volunteering

+600,000electricity and natural gas clients in the Iberian market

+4 millionrefined products clients in the Iberian market and Africa

€19.4 minvested

€24 min the protection

of people, the environment and

assets

We energisethe economy

We energisepeople

We energisethe communities

116,000 hoursin employee training

Information from Galp Institutional Presentation 2018

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Galpin the world

Gas & Power

Portugal Spain

Cape Verde

Guinea-Bissau

East Timor

São Tomé e Príncipe

Brazil

AngolaNamibia

Swaziland

Mozambique

Exploration & Production

Refining & Distribution

Information from Galp Institutional Presentation 2018

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Galp positioning as Joint Venture partner

Galp is present in top projects worldwide, spanning from the Exploration to

Production phases.

Last 20 years of Galp D&C activities

Offshore Wells

Total well count

Angola

Brazil

Mozambique

Namibia

Timor

Portugal

Morocco

444

255

168

14

3

1

0

1

Onshore Wells

80

0

79

0

0

0

1

0

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Galp positioning as Joint Venture partner

Non-operated ventures are fundamental in E&P

~47%* average production of top10 IOCs come from non-operated assets,

as of 2018.

Joint-Ventures information is relatively limited and in some cases in a non-

friendly user format to perform in-depth analysis.

Galp aims to create distinctive value in partnerships by providing Agile and

Focused contributions.

*Sources: Rystad Energy Cube;

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Operator send Daily Reports (DDR) in pdf format.

Data processing: using in-house tools.

Information is imported to EDM database.

Output: Studies, statistics and reports.

Galp workflow – Drilling & Completion case study

Data workflow is detailed in steps below.

1

2

3

4

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Step 1 & 2 :

Data is received and processed with in-house developed procedures.

Operator A

Operator B

Operator C

QA/QC the information

received

Information collected is

standardized into a common

structured document

Information ready to

be imported to

OpenWells

Step 3:

QA/QC the information of importance and import it to OpenWells/EDM Database.

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Example how our in-house tool is converts and maps data into EDM database


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Step 4:

All information stored in a proper, safer and useable format (Openwells EDM

database).

− Perform in-depth analysis on drilling operations (e.g. DataAnalyzer & Profile);

− Produce detailed reports;

− Identify and quantify issues in wells operations;

− Enhance our Database enabling future well estimations;

− Be able to discuss with operator head-to-head, using the same source of

information.

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Creating Distinctive Value

Agile assessment of different Joint Ventures D&C main areas of concern:

Generate Rig Performance Analysis;

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General operational sensitivities by region;

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Drilling Bits performance;

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Offset Well Analysis;

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Offset Well Analysis;

Operations and equipment.

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In-house workflow generates agile Assessment and distinctive value

contribution;

JV’s mindset needs to move to an open/sharing environment to eliminate

redundancy;

Artificial Intelligence on routine tasks and analysis enables enhanced

contributions.

Today’s Reality

• JVs Database not usually shared

• Companies w/ Autonomous workflows

Way Forward

• Use AI algorithms to perform analysis

• Automate routine processes

• Share JV databases

Our Goal

• Eliminate Redundancy

• Focus on delivering distinctive value

Conclusions & Road ahead

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Thank You

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