United Kingdom’s Future Energy Mix: Considering North Sea Declining Production

PROGRAMME GUIDE____________________________________________

Dundee, 31 January 2015

Dundee from The Law and the Tay Rail Bridge over the water into the Kingdom of Fife

Welcome to the Dundee Energy Summit 2015

Dear Delegate,

Welcome to the city of Dundee and welcome to the first ever Dundee Energy Summit (DES) held by Graduate students from the Centre for Energy, Petroleum and Mineral Law and Policy (CEPMLP).

On this day of the event, you will have a plethora of opportunities to listen carefully, ask questions, challenge the system, propose solutions and network with united minds that look to make a difference in the energy sector.

The Dundee Energy Summit 2015 is a student led event with the theme “The Future of UK Energy Mix, considering North Sea declining production”. The idea of organising such a Summit was actually a personal inspiration, as myself and many of my colleagues were present in many high profile events in the UK and decided to use efficiently our networks to organise a highly professional event with a specific stimulating theme. We hope this Summit will help you raise some effective questions and, at the end, clarify most of your concerns that you may have had before attending. The energy sector is at a crossroads, and it us up our generation to critically assess the current system, propose solutions, and direct it to the right path of energy security and affordable energy.

In this first Energy Summit within the city of Dundee, we aim to attract young professionals with technical and non-technical backgrounds along with graduate students, to enlighten them about the alternative of conventional resources and the potentials that innovation, renewables and technology have in the current energy system. Thus, participating delegates will be able to critically assess and challenge the current United Kingdom Energy system and be encouraged to propose and support creative perceptions.

Advances in technology and significant investments continue to expand the availability of energy supplies to meet growing demand. As energy needs continue to evolve around the world, practical supply alternatives must continue to meet a range of consumer requirements in terms of convenience, performance and affordability while also managing environmental impacts.

The array of topics, as well as the significance of the character of the theme – in context of a mature and declining oil and gas production in the North Sea – will attract the interest of professionals, high profile academics, and governmental officials, so use your time efficiently to get the chance to network with them and raise your questions.

On behalf of Dundee Energy Summit, we would like to thank our dear supporters and sponsors; their contribution to this event is highly appreciated and we hope they continue supporting similar student led events.

We hope you have a productive and enjoyable time!

Thank you all for being here, I am looking forward to a great event.

Doros ArestiInitiator/Head of Dundee Energy Summit 2015

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Doros Aresti - Initiator/Head of SummitAndreas Ioannides - Public RelationsAndreas Xenofontos - MarketingKaloyan Tsilev - Social MediaDennis Akande - Programme LeaderAdriana Viloria - PromotionMarianna Tsatsanifou - RegistrationDaryna Grushevska - Registration

Organising Committee

Sponsored by:

dundeeenergysummit@dundee.ac.uk

University of Dundee Estates and Buildings

The Centre for Energy, Petroleum and Mineral Law and Policy within the Graduate School of Natural Resources Law, Policy and Management at the University of Dundee is the internationally renowned graduate school in the field of international business transactions and natural resources and energy law and policy.

Our interdisciplinary approach to teaching, research and consultancy provides a unique perspective on how governments, business and communities operate, providing the professionals of today with the ability to meet the challenges of tomorrow.

CEPMLP maintains close links with government ministries, non-government agencies (NGOs) and international institutions worldwide, as well as partnerships with leading industry players.

CEPMLP is the leading institution for research and postgraduate teaching in its field and currently has almost 800 postgraduate students from more than 60 countries on Masters and Doctoral programmes of study.

Supported by:

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Centre for Environmental Change and Human Resilience

Dundee and Angus Convention Bureau

Society of Petroleum Engineers - Aberdeen Section

Scottish Institute for Research in Economics

Graduates’ Council

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Programme Agenda 09.00 - 09.40 Registration

09.45 - 10.00 Opening of the Summit - DES Team

10.00 - 10.15 Welcome from Professor Peter Cameron, CEPMLP Director

10.20 - 11.30 Plenary Session

UK’s Future Energy Mix * Paul Stevens, Chatham House Stephen Dow, CEPMLP, University of Dundee

11.30 - 11.45 Refreshments

11.50 - 13.20 Parallel Sessions

Renewables, Marine Energy and Electricity Market Reform* Ilona Sultana, Offshore Renewables Institute Ian Davies, Marine Scotland Science Glen Plant, Independent Legal Consultant, Former LSE Professor

Carbon Capture Storage - Low Carbon - Nuclear * Alan James, Pale Blue Dot Energy Ltd Malcolm Grimston, Imperial College London & Chatham House Felicia Jackson, Cleantech Magazine and Raconteur

13.20 - 14.10 Lunch & Networking

14.10 - 15.40 Plenary Session

The Future of Shale Gas in the UK * Ariel Bergmann, CEPMLP, University of Dundee Ian Robson, CEPMLP, University of Dundee Robert Westaway, University of Glasgow

15.40 - 16.00 Refreshments

16.05 – 16.50 Plenary Session

Governmental Approach of UK Future Energy Mix * Shona Robison, MSP Peter Cameron, CEPMLP, University of Dundee

16.55 - 17.30 Closing Remarks Karl Leydecker, University of Dundee Doros Aresti, Head of DES

18.00 - 20.00 Discussion & Networking Opportunities - Air Bar, DUSA

* Raise your questions with the organisers during the event via Twitter #DES2015

UK’s FUTURE ENERGY MIX

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Although the United Kingdom currently relies on the North Sea for more than half of its total oil and gas, production has been declining since 1999. Maximising domestic oil and gas production would increase UK’s energy security and reduce it’s reliance on expensive imports. Production has fallen by 38 per cent in the last three years and production efficiency has declined from 80 per cent to 60 per cent in the last 10 years. Currently the UKCS has the highest level of investments and operating costs ever, with operating expenditure and average unit operating costs up, what are the prospects for the industry and how will fossil fuels contribute to the future mix?

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UK’s FUTURE ENERGY MIX

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Paul Stevens is a distinguished fellow at Chatham House, the Royal Institute of International Affairs, in London. He was educated as an economist and as a specialist on the Middle East at Cambridge and the School of Oriental and African Studies between 1973 and 1979. He later taught at the American University of Beirut in Lebanon from 1979 to 1993, interspersed with two years as an oil consultant at the University of Surrey. Between 1993 and 2008 he was professor of Petroleum Policy and Economics at the Centre for Energy, Petroleum and Mineral Law and Policy (CEPMLP) at the University of Dundee, Scotland. He currently is a professor emeritus at the University of Dundee and a visiting professor at University College London (Australia). He has published extensively on energy economics, the international petroleum industry, economic development issues and the political economy of the Gulf. He also works as a consultant for many companies and governments. In March 2009 he was presented with the OPEC Award in recognition of his outstanding work in the field of oil and energy research.

10.20am - 11.30am - Dalhousie Lecture Theatre 3

Stephen Dow, LLB (Hons), LLM, DipLP, is Lecturer in Energy Law. A qualified solicitor, following a period in private practice he took a Masters degree at the Centre, working on post-privatisation regulation of energy industries, before being appointed to the Centre in 1994. In addition to working on legal aspects of stranded investment in the energy sector, his research interests include oil and gas law. He has an interest in financing of energy projects, and teaches the Centre’s course on Transnational Natural Resource and Energy Finance.His current research interests are in liberalisation and privatisation of electricity and gas industries. He has served as a consultant to the Parliament of Ukraine as the forthcoming electricity reform law was developed, advising as the draft law was refined into line with the practical reforms towards a liberalised electricity market. He is writing on the regulatory and legal needs for electricity sector reform in transition economies.

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OFFSHORE RENEWABLES - MARINE ENERGY AND ELECTRICITY MARKET REFORM

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Tidal and wave power have great potential in the UK’s energy sector. Several projects are under review across the UK, still the industry faces significant number of challenges, such as the financing and high capital cost. In the short term, DECC believes renewables - such as offshore wind, solar, marine - will take up the slack, with renewables taking an ever greater share over the next 20 years. By 2030, it expects renewables to be by far the biggest source of energy used in electricity generation, making up about 40% of the overall energy mix. EMR was designed to transform the UK electricity sector to one in which low-carbon generation can compete with conventional, fossil-fuel generation, paving the way towards a cleaner and more sustainable energy mix. How can we overcome these challenges and will Marine and Offshore renewables be part of the future energy mix?

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OFFSHORE RENEWABLES - MARINE ENERGY AND ELECTRICITY

MARKET REFORM

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Ilona Anne Sultana is an Environmental and Energy Engineer. She has worked on policy development, project management, and monitoring of Environmental Impact and Technical Assessments for renewable energy projects. She is currently the Project Development Manager at the Offshore Renewables Institute that has recently been developed between University of Dundee, Robert Gordon University and the University of Aberdeen. The Offshore Renewables Institute offers an interdisciplinary and integrated approach by bringing together researchers and experts from different disciplines and all three university partners to confront challenges faced by industry.

11.50am - 1.20pm - Dalhousie Lecture Theatre 1

Dr Ian Davies is the Renewables and Energy Programme Manager at Marine Scotland Science in Aberdeen. Originally trained as a geologist and geochemist at Cambridge and Edinburgh universities, he came to Aberdeen in 1974. Since then, he has worked in marine environmental science, executing and managing a wide range of projects on marine pollution and the effects of chemicals on marine organisms. Links with several universities have led to successful supervision of MSc and PhD studentships. In recent years, he has given increased emphasis to productive aspects of the sea, acting as environmental adviser on aquaculture and renewable energy development. Ian’s representational roles have covered national and international groups concerned with marine environmental quality, and chairmanship of Working Groups and committees of inter-governmental agencies including the International Council for the Exploration of the Sea, and of the Oslo and Paris Commission. In his current role, he leads on scientific aspects of renewable energy development for Scottish Government through Marine Scotland, using science to inform policy, planning and licensing for sustainable development of renewable energy in Scottish waters.

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Dr Glen Plant is an Independent Legal Consultant who has taught at leading UK and US universities (most recently the LSE, where he was founding Director of the Centre for Environmental Law and Policy, from 1991 to 1996) and in Sweden. He has degrees from Oxford, London and the Fletcher School of Law and Diplomacy and holds The Hague Academy Diploma of International Law. Dr Plant has thirty years of providing international, EU and domestic law and policy inputs, based on a broad range of experience, to policies, programmes and projects concerning, inter alia: offshore renewable energy; climate change mitigation. Dr Plant advises foreign (mainly energy) companies, inter-governmental organisations and governments on Public International and EU law and policy, with emphasis on environmental protection, law of the sea and energy production and transport. Since 1996, he has conducted the external mid-stream legal work for the producing Caspian Basin international petroleum consortia, as well as work for others with interests in the maritime segments of Caspian petroleum export. He is now doing similar work for emerging wave and tidal technologies through the Marine Renewable Energy Committee of the Society for Underwater Technology.

CARBON CAPTURE STORAGE - LOW CARBON - NUCLEAR_______________________________________

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CCS is a promising technology that could play a major role in the management of worldwide greenhouse gas emissions (GHG) released into the atmosphere especially from fossil fuels. CCS could enable power plants and industrial facilities to achieve meaningful management of GHG, while maintaining their ability to produce much-needed energy and other products. However its large scale development and capital may delay it’s potential. In the late 2020s, nuclear is also set to contribute more as the UK’s new generation of nuclear power stations comes online. What role will the new nuclear projects (Hinkley Point C) play in the future energy mix and what are the drawbacks? Yet carbon and climate change plays a critical role as an indicator for the future of energy mix. Sustainability in UK is important from a cost perspective: reduce carbon – reduce cost – reduce risk. Will it be achieved?

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TECHNOLOGY AND INNOVATION

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11.50am - 1.20pm - Dalhousie Lecture Theatre 2

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Alan James is Team Maker and Managing Director at Pale Blue Dot Energy Limited, an energy sector strategic business consultancy with a focus on the low carbon transition. The business brings energy sector expertise and new perspectives to solve client challenges. Alan has over 33 years of expertise in oil, gas and power sectors, in senior management and consulting positions relating to enterprise development, Mergers & Acquisitions, strategy and business development marketing. Other areas of expertise include Low Carbon Transition, Carbon Capture and Storage, Subsurface Engineering, Project Integration. Commercial, Project management. Alan’s techni-cal background is as an earth scientist with reservoir engineering experience. He has been with Pale Blue Dot since 2013 and prior to that was Managing Director at CO2 Deepstore Ltd for over 7 years.Alan’s creative and collaborative approach to business coupled with a belief there is always opportunity available creates options in complex, challenging and fluid business environments such as those in the energy sector.

Malcolm Grimston is an Honorable Senior Research Fellow at Imperial College London. energy and nuclear policy researcher and analyst. He has written extensively on energy and nuclear policy matters, including two books co-written with the late Peter Beck: Double or Quits–the global future of civil nuclear energy and Civil nuclear energy–fuel of the future or relic of the past? He is currently an Associate Fellow with Chatham House. Malcolm has more than 20 years of experience in energy and nuclear policy research.

Felicia Jackson is the Editor at large of Clentech magazine and author of Conquering Carbon (2009), specialised in issues surrounding to the transition to low carbon economy. An entrepreneur, consultant and author specialising in the business impact of issues arising from challenges in the following areas: climate change, energy, carbon, cleantech, green economy and sustainability. Founder of online publisher Netimperative, and Founding Editor of New Energy Finance (now Bloomberg New Energy Finance), her interests lie in the development of new products and businesses.These include Renewable Energy Monitor, Renewable Energy Focus, Environmental Finance. Her research work has also appeared in The Times, The Guardian and the Independent.

THE FUTURE OF SHALE GAS IN THE UK

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Shale gas exists in vast quantities in geological formations in the north of England, midland valley of Scotland, and may extend over much more of the country, recent geological analysis has found. There could be enough to meet the UK’s needs for decades, if estimates are correct. However, the key questions are: can it be extracted at economically viable rates and without doing serious environmental damage? Protesters against shale in the UK also argue that it will increase greenhouse gas emissions, through the use of the gas and the flaring of methane that will happen at some sites. A Guardian poll found 40% of voters against shale gas exploitation in their area and 40% in favour, with the rest undecided. Advances in technologies used for well drilling and completion have enabled the energy industry to reach new sources of oil and natural gas to meet rising demand around the world. New technologies have also helped reduce the environmental impact of energy production by allowing more oil and gas to be produced with fewer wells. What are the differences between US and UK shale and how will the future of UK shale gas look?

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THE FUTURE OF SHALE GAS IN THE UK

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2.10pm - 3.40pm - Dalhousie Lecture Theatre 3

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Dr. (Eric) Ariel Bergmann has been a lecturer at Centre for Energy, Petroleum and Mineral Law and Policy (CEPMLP) at the University of Dundee, Scotland since September 2009. He earned an M.A. Economics (1997) with fields in Labour Economics and International Trade and a B.A. Economics (1981) from the University of Colorado. He proceeded to earn a Ph.D. in Economics from the University of Glasgow having researched and published on the economics of renewable energy. Amongst some of his works is a publication entitled Costs and Benefits of Onshore Wind Farms which he co-authored. Since 2005 Dr. Bergmann has provided economic consulting services to energy companies, environmental groups, non-governmental organisations, European and American local governments, non-governmental agencies and small enterprises on issues ranging from project feasibility studies, impact of environmental regulation, provision of social and governmental services, social preferences, and economic impact analysis. In 2010 he provided consulting services to a super-major oil company on the potential economic impacts from new regulatory actions to protect endangered species in Alaska.

Dr Ian Robson is a senior lecture in management at the Centre for Energy, Petroleum and Mineral Law and Policy (CEPMLP) at the University of Dundee, Scotland and at the same time the Director Executive Education Programmes. Prior to joining the university, he was the Dean of the Business School at Glasgow Caledonian University. Ian has a strong track record in postgraduate and post-experience programme design. He has worked in leadership roles in educational institutions across Europe and in the United States. He formerly led a strategic initiative at the University of St Andrews in which the prestigious Gateway building was acquired and the School of Management was created. Ian has a particular interest in leadership and innovation in dynamic environments across a variety of sectors. His research concerns whole systems perspectives of innovation and the role entrepreneurial leaders play in facilitating adaptive behaviour among strategically important teams within organisations.He has worked with a wide range of businesses including public and private sector organisations, concerned with knowledge based products, services and manufactured products. He has consulted with global companies such as Bosch and Saab, has worked with public sector bodies such as the National Health Service and Scottish Enterprise and has worked with a multitude of SME’s within the context of strategic development.

Dr Robert Westaway is a senior research fellow in the Systems, Power and Energy division of the School of Engineering of the University of Glasgow. He has wide-ranging multi-disciplinary research interests, including geothermics and rheological modelling of Earth deformation, having authored almost 200 publications. Rob has a PhD from Cambridge University and has worked at several British and overseas universities and run his own consultancy company before joining the University of Glasgow in 2012. His work also includes the development of conceptual models to facilitate the understanding of high conductive heat flow or hot groundwater in hitherto poorly understood geothermal fields. He is currently involved in this aspect as regards the commercial development of a geothermal field in Slovakia, and has also recently acted as a consultant regarding the assessment of geothermal energy resources in Britain.

GOVERNMENT APPROACH OF UK FUTURE ENERGY MIX

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The UK is facing some major decisions as to how it will meet its future energy requirements in the face of declining production in the North Sea. There are all sorts of issues which may affect how the UK gets its energy and key decisions are going to be need to be made in the short-to-medium term. There are already ambitious goals set for the energy we should be generating from renewable sources, but how do we achieve these? The UK’s energy projects are worth a total of £218 billion in the Treasury’s national infrastructure plan, amounting to over 58 per cent of the total budget. Yet Britain’s renewable energy investment boom has consistently been overlooked. With global energy demand on the rise and nations competing in the clean energy race to combat climate change, this report takes a look at government policy on energy, the UK’s energy mix, new energy technology, and explores new finance channels within the sector. What will the role of climate change and security of supply in Scotland and what are the infrastructure challenges for renewable sector in Scotland and rest of UK.

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GOVERNMENT APPROACH OF UK FUTURE ENERGY MIX

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4.05pm - 4.50pm - Dalhousie Lecture 3

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Shona Robison is a Scottish politician, serving as the Scottish Government Cabinet Secretary for Health, Wellbeing and Sportand Member of the Scottish Parliament for Dundee City East. She was elected as a Scottish National Party candidate in the 2003 election.Previously she had represented the SNP as an Additional Members System member for North East Scotland, having been elected in the 1999 election. Following the 2011 election, she was made Minister for Commonwealth Games and Sport, with Michael Matheson. In April 2014, Alex Salmond promoted her to the full Cabinet position of Cabinet Secretary for Commonwealth Games, Sport, Equalities and Pensioners’ Rights.

Professor Peter Cameron is Director of the Centre for Energy, Petroleum and Mineral Law and Policy since February 2010. He is also the Associate Dean for Research in the Graduate School of Natural Resources Law, Policy and Management. He is a Professorial Fellow of the Law School at the University of Edinburgh, Fellow of the Chartered Institute of Arbitrators, and member of the London Court of International Arbitration. Peter Cameron joined CEPMLP in 1997 as Professor of International Energy Law and Policy, after 11 years at the University of Leiden in The Netherlands, where he was Director of the Internationaal Instituut voor Energierecht. Peter has concentrated primarily on oil and gas law in his career as an energy specialist. From 1991 onwards he was regularly employed by the World Bank as a consultant responsible for drafting oil and gas laws and model contracts, working in Russia, Tanzania, Brazil and China amongst other countries. Peter has led the Centre’s project on Good Practice in Oil, Gas & Mining funded by the World Bank. Peter has always remained close to the world of legal practice, being a member of the International Bar Association for several decades. He is a barrister (England and Wales, Middle Temple), and has regularly been asked by governments and investors to testify in arbitral proceedings as an expert witness. He is the author or editor of more than a dozen book-length publications such as International Energy Investment Law.

CLOSING REMARKS

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Professor Karl Leydecker is the Vice-Principal for Learning and Teaching at the University of Dundee, with responsibility for the overall strategy for learning and teaching and its implementation. Karl is a Professor of German and Comparative Literature. Previously, he was Dean of the Faculty of Humanities at the University of Kent, where he also had institution-wide responsibility for Flexible Learning. Prior to that he was Vice Dean (Learning and Teaching) of the Faculty of Arts and Head of the School of Languages, Cultures and Religions at the University of Stirling. In addition, Karl is a member of the AHRC Peer-Review College and was one of the architects of the CHASE doctoral training consortium (Consortium for Humanities and Arts South East England) involving seven universities. Until recently he also served on the Executive Committee of Deans of Arts, Social Sciences and Humanities (DASSH UK).

Doros Aresti is an MSc candidate in International Oil and Gas Management at CEPMLP and he is planning to Graduate in March of 2015. Doros is a multi-faced influential individual with 4 years of working experience living, studying and working in International environments such as U.S and Europe. During his graduate studies he focused his area of research on Eastern Mediterranean prospect and UK’s stakeholder engagement over shale gas. His particular experience include being employed from a multinational organisation, resulting in adapting quickly in a competitive environment and demonstrating his interpersonal abilities. In addition to the aforementioned, Doros is the initiator and head of Dundee Energy Summit 2015, which inter alia will challenge delegates on the key energy issues in the UK and to extend towards a global energy context.

Chairs:

Trudy Cunningham is Environment and Sustainability Officer for the Energy and Evironment Office at the University of Dundee.

Martin Farnworth MBA, MEd, is the Graduate School Employer Liaison Co-ordinator and is responsible for organising a wide range of ex-curricular activities under the general heading of Careers and Employability. He is particularly interested in student empowerment and building confidence, also in helping enable a better understanding of the links between theory and practice.

Venue

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DES will be held in the Dalhousie Building on campus at the University of Dundee. TheDalhousie Building is numbered 14 on the map below:

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DUNDEE CITY COUNCILCAR PARK

ARKINGAT WEST HENDERSON WYND

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TO WEST PARK FLATS & VILLASBOTANIC GARDENS ANDNINEWELLS MEDICAL SCHOOL

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DOW STREET

A Accessible Entrances

Vehicle access through Dow Street is restricted at Wellcome Trust Biocentre

Building overhang with fully accessible path below

A FAIRTRADE CAMPUS

The Enquiry Centre is the main reception for general student support and information matters and also for prospective student visitors.

The venue is conveniently placed from all major roads for those driving to the event.There is a public car park located just across the road from the Dalhousie Building and is clearly signed. Please note that charges will apply.

The Dalhousie Building is within walking distance (approximately 15 minutes) from the train station and the bus station (approximately 20 minutes). There are taxi ranks available at both stations.

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The Centre for Energy, Petroleum and Mineral Law and Policy,Carnegie Building, University of Dundee

United Kingdom’s Future Energy Mix: Considering North Sea Declining Production

Dundee, 31 January 2015____________________________________________