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Yannis Bassias, President, Hellenic Hydrocarbons Resources Management S.A.

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Athens Energy Forum 2019 - Panel Discussion 3 | Update on Upstream Developments

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Yannis Bassias, President, Hellenic Hydrocarbons Resources Management S.A.

  1. 1. www.greekhydrocarbons.gr 28 January 2019 Update on Upstream Developments Athens Energy Forum 2019 "The Challenge for Stability in the Region“ Athens, Greece, on January 28-29, 2018 The New York Times
  2. 2. www.greekhydrocarbons.gr 2 Update January 2019 Blocks awarded and under ratification process
  3. 3. www.greekhydrocarbons.gr 3 Greece in the Mediterranean Region
  4. 4. www.greekhydrocarbons.gr 4 The recent discoveries component Recent gas discoveries and water depth 1 2 3 1  3 - Shallower to deeper waters - Older to more recent deep water exploration for gas
  5. 5. www.greekhydrocarbons.gr 5 The recent discoveries component 1 2 3 Diversification of gas supply for the European market Exploration/production provinces and main transportation projectsWhen midstream and upstream meet
  6. 6. www.greekhydrocarbons.gr 6 Water depth trend in western Greece Exploration will progressively move from north to south It goes hand in hand with the Offshore Safety European Directive and the international standards implemented in Greece by HHRM in cooperation with EBRD
  7. 7. www.greekhydrocarbons.gr 7 Take out 3000 meters of water Exploration will progressively move from north to south
  8. 8. www.greekhydrocarbons.gr 8 Attractiveness and Stability in the Region Recent discoveries of gas in SE Mediterranean and the Black Sea New concept model is added since 2015 in the Mediterranean Progressive improvement of deep and ultra-deep drilling technologies LNG increasing commercial importance Diversification of gas supply for the European market Main technical reasons

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