Stuart Lake, of African Petroleum will present the paper “Unlocking the Cretaceous potential of the Deepwater Transform Margin – Insights from Ghana’s and Cote d’Ivoire analogues” as the last paper at APPEX Regional 2015 - Nice.
Dr. Lake has over 28 years of experience with senior positions held at Hess Corporation (4.5 years), Apache Corporation (4 years) and Shell (19 years). He is now CEO at African Petroleum.
Dr. Lake has demonstrated himself to be a proven oil finder, maintaining a high 85% geological success rate in all three companies, based on drilling over 300 wells in 11 countries over his 28 year career.
As former Vice President of Exploration at Hess he oversaw the highly successful exploration campaign in Ghana resulting in seven consecutive hydrocarbon discoveries, and was instrumental in more than 30 discoveries in Russia and helped build production up to 55,000 BOPD, before selling the asset to Lukoil for $2.05 Billion.
He joined African Petroleum as CEO in February 2014 and oversaw the IPO on Oslo in May 2014, changes in Governance, three licence extensions, a number of partnerships deals, the recovery of the Gambia asset and a doubling of the resource base. Following a recent equity raise, the company is now preparing its drill campaign. Dr. Lake also remains on the Advisory Board of the Energy and Geoscience Institute (E.G.I.) at the University of Utah and is a Board Member for Tamboran Resources.
Dr. Lake received a Bachelor of Science degree in Geology from the University of Wales and a Doctorate from the University of Durham, England supervised by Professor JF Dewey. He has also completed Advanced Management Programmes at INSEAD and at Thunderbird.
Exploration along the transform margin has come in various phases and a series of learnings have been developed from each phase that when combined with good regional play mapping, common risk segment maps and dry hole analysis can be used to polarize thoughts on both the plays to chase and the portfolio to drill. The talk will focus on these learnings and the way ahead.
Review the APPEX Regional 2015 programme.