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1st East Med Energy Leadership Summit - Yannis Bassias

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Yannis Bassias, CEO, Hellenic Hydrocarbon, Greece

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1st East Med Energy Leadership Summit - Yannis Bassias

  1. 1. www.greekhydrocarbons.gr 1 Beyond the Search for Hydrocarbons in Greece Hellenic Hydrocarbon Resources Management SA Yannis Bassias, President and CEO
  2. 2. www.greekhydrocarbons.gr 2 E&P update October 1st 2019 Zoom on Greek acreage onshore and offshore 1st ANNUAL EASTERN MEDITERRANEAN ENERGY LEADERSHIP SUMMIT BEYOND THE SEARCH FOR HYDROCARBONS IN GREECE 1-2 OCTOBER 2019 - ATHENS
  3. 3. www.greekhydrocarbons.gr 3 Greece in the Eastern Mediterranean 1st ANNUAL EASTERN MEDITERRANEAN ENERGY LEADERSHIP SUMMIT BEYOND THE SEARCH FOR HYDROCARBONS IN GREECE 1-2 OCTOBER 2019 - ATHENS
  4. 4. www.greekhydrocarbons.gr 4 Recent gas discoveries and gas production Nile delta The gas tiles of Eastern Mediterranean and Black Sea Expected gas discoveries Recent gas discoveries 1st ANNUAL EASTERN MEDITERRANEAN ENERGY LEADERSHIP SUMMIT BEYOND THE SEARCH FOR HYDROCARBONS IN GREECE 1-2 OCTOBER 2019 - ATHENS
  5. 5. www.greekhydrocarbons.gr 5 Eastern Mediterranean and Black Sea Prospects to be explored Fields discovered Fields Discovered and Producing 1st ANNUAL EASTERN MEDITERRANEAN ENERGY LEADERSHIP SUMMIT BEYOND THE SEARCH FOR HYDROCARBONS IN GREECE 1-2 OCTOBER 2019 - ATHENS
  6. 6. www.greekhydrocarbons.gr 6 Technical and economical attractiveness of the SE Mediterranean Recent large discoveries of gas in the SE Mediterranean and Black Sea New geological concept model added since 2015 in the Mediterranean Progressive improvement of deep and ultra-deep drilling technologies Increasing commercial importance of natural gas Diversification of gas supply for the European market Convergence of five technical and economic reasons 1st ANNUAL EASTERN MEDITERRANEAN ENERGY LEADERSHIP SUMMIT BEYOND THE SEARCH FOR HYDROCARBONS IN GREECE 1-2 OCTOBER 2019 - ATHENS
  7. 7. www.greekhydrocarbons.gr 7 Deep water, gas plays and time agenda for ultradeep waters 1 2 3 1 and 2, from older to more recent gas discoveries (in red). The water depths increase from region 1 to 2 and 3. 1st ANNUAL EASTERN MEDITERRANEAN ENERGY LEADERSHIP SUMMIT BEYOND THE SEARCH FOR HYDROCARBONS IN GREECE 1-2 OCTOBER 2019 - ATHENS
  8. 8. www.greekhydrocarbons.gr 8 New geological concept model added since 2015 1st ANNUAL EASTERN MEDITERRANEAN ENERGY LEADERSHIP SUMMIT BEYOND THE SEARCH FOR HYDROCARBONS IN GREECE 1-2 OCTOBER 2019 - ATHENS
  9. 9. www.greekhydrocarbons.gr 9 If you take out 3000 meters of water Exploration will progressively move from north to south and from shallower less than 1,000 meters (yellow) to important water depths of more than 3,000 meters (dark blue). 1st ANNUAL EASTERN MEDITERRANEAN ENERGY LEADERSHIP SUMMIT BEYOND THE SEARCH FOR HYDROCARBONS IN GREECE 1-2 OCTOBER 2019 - ATHENS
  10. 10. www.greekhydrocarbons.gr 1 0 Need for energy 1st ANNUAL EASTERN MEDITERRANEAN ENERGY LEADERSHIP SUMMIT BEYOND THE SEARCH FOR HYDROCARBONS IN GREECE 1-2 OCTOBER 2019 - ATHENS
  11. 11. www.greekhydrocarbons.gr 1 1 Increasing production from ultra deepwater environments 13mbbl/d 1st ANNUAL EASTERN MEDITERRANEAN ENERGY LEADERSHIP SUMMIT BEYOND THE SEARCH FOR HYDROCARBONS IN GREECE 1-2 OCTOBER 2019 - ATHENS
  12. 12. www.greekhydrocarbons.gr 1 2 Improvement of drilling technology with increasing water depth 3400 3200 3600 3800 4000 3000 Raya-1,Uruguay 1-D-1,India Block48,Angola(prj.) 3600 3400 3174 1st ANNUAL EASTERN MEDITERRANEAN ENERGY LEADERSHIP SUMMIT BEYOND THE SEARCH FOR HYDROCARBONS IN GREECE 1-2 OCTOBER 2019 - ATHENS
  13. 13. www.greekhydrocarbons.gr 1 3 Ultradeep waters • Pore pressure, fracture gradient, pressure window • Shallow well sections • Deep well sections • Salt Drilling • Tar deposits • HPHT • Number of casings • Well control issues • Rig and equipment issues • BOP issues and limitations • Enhanced topsides facilities, improved hulls, stronger moorings and risers • Advanced subsurface tools and monitoring equipment • Improved modelling tools for safer vessel designs from explosion hazards and violent sea events • Development of “next generation” metocean and meteorological predictive techniques Challenges Technologies 1st ANNUAL EASTERN MEDITERRANEAN ENERGY LEADERSHIP SUMMIT BEYOND THE SEARCH FOR HYDROCARBONS IN GREECE 1-2 OCTOBER 2019 - ATHENS
  14. 14. www.greekhydrocarbons.gr 1 4 When midstream and upstream meet New promoted acreage Concessions onshore and offshore Greece EastMed TAP The red arrows represent the gas transportation projects EastMed, TAP and the project associated with the Neptun discovery (area 2). The arrow towards Egypt to Damietta or Iddku LNG facilities. 1st ANNUAL EASTERN MEDITERRANEAN ENERGY LEADERSHIP SUMMIT BEYOND THE SEARCH FOR HYDROCARBONS IN GREECE 1-2 OCTOBER 2019 - ATHENS ?
  15. 15. www.greekhydrocarbons.gr 1 5 PIPELINE versus LNG : Dilemma or complementarities EastMed length TAP length 1st ANNUAL EASTERN MEDITERRANEAN ENERGY LEADERSHIP SUMMIT BEYOND THE SEARCH FOR HYDROCARBONS IN GREECE 1-2 OCTOBER 2019 - ATHENS
  16. 16. www.greekhydrocarbons.gr 1 6 Status of gas transportation infrastructures 12 ΣΕΠΤΕΜΒΡΙΟΥ 2019 ΑΘΗΝΑ1st ANNUAL EASTERN MEDITERRANEAN ENERGY LEADERSHIP SUMMIT BEYOND THE SEARCH FOR HYDROCARBONS IN GREECE 1-2 OCTOBER 2019 - ATHENS
  17. 17. www.greekhydrocarbons.gr 1 7 Zoom on Greek acreage onshore and offshore 1st ANNUAL EASTERN MEDITERRANEAN ENERGY LEADERSHIP SUMMIT BEYOND THE SEARCH FOR HYDROCARBONS IN GREECE 1-2 OCTOBER 2019 - ATHENS E&P update October 1st 2019

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