The Oil and Gas Upstream Potential in Greece...The Oil and Gas Upstream Potential in Greece Hellenic...

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The Oil and Gas Upstream Potential in Greece Hellenic Hydrocarbon Resources Management SA Yannis Bassias 28 November 2017 President and CEO of HHRM www.greekhydrocarbons.gr ENERGY DEVELOPMENTS IN SE EUROPE : RIDING THE GLOBAL TRENDS ESCP Europe Business School November 28, 2017

Transcript of The Oil and Gas Upstream Potential in Greece...The Oil and Gas Upstream Potential in Greece Hellenic...

The Oil and Gas Upstream Potential in Greece

Hellenic Hydrocarbon Resources Management SA

Yannis Bassias 28 November 2017

President and CEO of HHRM

www.greekhydrocarbons.gr

ENERGY DEVELOPMENTS IN SE EUROPE : RIDING THE GLOBAL TRENDS

ESCP Europe Business School

November 28, 2017

The position of Greece in the Mediterranean

Western part of the Eastern Mediterranean - Eastern part of the Western Mediterranean

ESCP London 28 November 2017 Hellenic Hydrocarbon Resources Management (HHRM)

?

ESCP London 28 November 2017 Hellenic Hydrocarbon Resources Management (HHRM)

Western and South of Crete Blocks

WD at structure: 430 mTWT of structure: 950 msecStructure width: ca. 7 kmReefal carbonates “atoll type”, sealed by onlapping lagoonal seds. and Messinian Evaporites

ESCP London 28 November 2017 Hellenic Hydrocarbon Resources Management (HHRM)

Several tens

of million

years ago

?

ESCP London 28 November 2017 Hellenic Hydrocarbon Resources Management (HHRM)

Ionian Block - 2017

WD at structure: 1,590 mTWT of structure top: 2,9 secIsolated carbonate build up sealed by Neogene pelagic seds. and EvaporitesMax width: 9 km, 3 km each rimVarious channels to be observed

ESCP London 28 November 2017 Hellenic Hydrocarbon Resources Management (HHRM)

Acreage situation in November 2017

Ionian

Southwest

of Crete

West

of Crete

International Tenders

2017

Extend of the recent

geophysical coverage

in the Ionian and

Cretan Seas

Onshore and offshore

blocks awarded or

under ratification

ESCP London 28 November 2017 Hellenic Hydrocarbon Resources Management (HHRM)

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Thrusts

Transpression / Transtension

Wedge

Structurally

complex area

Carbonate

platform and reefs

The geological environments address distinct petroleum interests

ESCP London 28 November 2017 Hellenic Hydrocarbon Resources Management (HHRM)

Blocks awarded or under ratification process

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BLOCK 2TOTAL-HELPE-EDISON

BlLOCK 10HELPE

PATRAIKOSHELPE-EDISON

KATAKOLONENERGEAN OIL & GAS

BLOCK 1

PRINOSENERGEAN OIL & GAS HELPE-CALFRAC

NW PELOPONNESEHELPE

AITOLOAKARNANIAENERGEAN OIL &GAS

ARTA-PREVEZAHELPE

IOANNINAREPSOL

ENERGEAN OIL &GAS

ESCP London 28 November 2017 Hellenic Hydrocarbon Resources Management (HHRM)

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Structurally

complex area

Carbonate

platform and reefs

The platform and its eastern slope in the Ionian Sea

ESCP London 28 November 2017 Hellenic Hydrocarbon Resources Management (HHRM)

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Pre-salt targets southwest and west of Crete

Messinian salt

WMR

ESCP London 28 November 2017 Hellenic Hydrocarbon Resources Management (HHRM)

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Structurally

complex area

Carbonate

platform and reefs

Distinct geological environments in western and southern Greece

ESCP London 28 November 2017 Hellenic Hydrocarbon Resources Management (HHRM)

Western and South of Crete Blocks – 2017#3009

WD at main structure: 2,250 mTWT of main structure: 3,0 sec, associated by deeper structure occurrenceMain structure width: 2,4 to 2,7 km, secondary at least double sizeTWT Messinian Salt thickness: min. 100 msec (seal)Cretaceous carbonates erosional surface in green

ESCP London 28 November 2017 Hellenic Hydrocarbon Resources Management (HHRM)

Western and South of Crete Blocks – 2017#3011

WD at structure: 430 mTWT of structure: 950 msecStructure width: ca. 7 kmReefal carbonates “atoll type”, sealed by onlapping lagoonal seds. and Messinian Evaporites

ESCP London 28 November 2017 Hellenic Hydrocarbon Resources Management (HHRM)

South of Crete, new plays – 2017

WD at main structure: 3,500 mTWT of main structure: 5,2 secStructure width: ca. 7 kmOccurrence of shallower structuresReefal carbonates, sealed by onlapping fan seds. and Messinian Evaporites

ESCP London 28 November 2017 Hellenic Hydrocarbon Resources Management (HHRM)

Lead targets below the evaporites

ESCP London 28 November 2017 Hellenic Hydrocarbon Resources Management (HHRM)

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Messinian salt

WMR

Present and future geophysical coverage

ESCP London 28 November 2017 Hellenic Hydrocarbon Resources Management (HHRM)

Hellenic Hydrocarbon Resources Management S.A.

“A competent independent authority, exercising exclusively the Hellenic

Republic’s rights to hydrocarbon resources (i.e. managing upstream activities

and licensing)”

HHRM is a state company but not a NOC !

ESCP London 28 November 2017 Hellenic Hydrocarbon Resources Management (HHRM)

What is next ?

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ESCP London 28 November 2017 Hellenic Hydrocarbon Resources Management (HHRM)

THANK YOU

come to see us or visit

www.greekhydrocarbons.gr

ESCP London 28 November 2017 Hellenic Hydrocarbon Resources Management (HHRM)