The opening presentations for the second morning provided some unique insights into the importance of exploration in developing the industry.
Dr Jim Reilly, Astronaut and Geologist, talking on the importance of expanding our knowledge base and its applications in frontier exploration.
Selected as a specialist astronaut by NASA, Dr Reilly provided a unique insight into the similarities between oil and gas exploration and space travel, and reducing the risk of human error in projects.
BP Exploration Asia Pacific Vice President Dr Bryan Ritchie looked at global trends in exploration, the Great Australian Bight and new frontiers.
Dr Ritchie said the company has four commitment wells scheduled over 2016, with two wells to be drilled before taking a break at the end of the licence period.
CNOOC Australia Chief Representative and CNOOC NWS Private Ltd Managing Director Yongfeng Lu focused on CNOOC’s experience in exploring new frontiers and its success in foreign trade and investment.
Mr Lu spoke on his company’s wide-ranging deals in the oil and gas industry, as well as its role in many key projects.