2019 - NACC Luncheon - Deepwater - a key delivery arena for Shell by Mr. Martin Stauble
Deepwater – a key delivery arena for Shell
Shells global deep-water production features 10 operated, production hubs and is on track to exceed 900-thousand barrels of oil equivalent (boe) per day by 2020 and with that, we expect to deliver $6-7 billion/year free cash flow (FCF) through the 2020s (@ $60/bbl RT ‘16).
Maintaining this level of production requires both a strong development pipeline and a continuous stream of new discoveries from exploration.
Our recent deep-water exploration successes, in the Gulf of Mexico (Whale and Dover), as well as our successful bid round results in Brazil, Mexico, and the U.S., demonstrate the running room we see in and near our heartlands where high-value discoveries and access to new resources could leverage our existing infrastructure. These are complemented by strategic choices in emerging basin such as the offshore Mauritania blocks located in one of the largest underexplored basins along the West Africa Atlantic margin.
2019 will see us execute a strong drilling and seismic program with some 10 well targeting key opportunities in Deepwater.
Key Challenges to discuss: Maintaining a funnel of opportunities, managing cost, and timelines
Martin graduated with a Master’s in Geology from the University of Zürich and subsequently went on to take a Ph.D. in Geology from the University of Bern in Switzerland.
He joined Shell in 1991, starting in Shell’s E&P research lab in The Hague. This was followed by positions in Exploration in South America and Asia where he had various roles such as Regional Geologist for Shell Colombia, Deepwater Exploration Team Leader in Malaysia, Exploration manager Shell Malaysia and Exploration Manager South East Asia.
In 2005 Martin moved to Oman as Exploration Director for PDO and in 2011 he was appointed as VP China, accountable for growing the China Upstream Business.
Since April he is in Houston, appointed as Vice President Exploration for North America and Brazil
Martin is married to Barbara and has two children. In his spare time, he enjoys golf, scuba diving, and traveling.