Post on 11-Nov-2021
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30 November 2018
The place of Greece
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Update November 2018
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Greece in the Mediterranean
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The recent discoveries component
The discoveries and their water depth
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Diversification of gas supply for the European market
Main pipeline projects
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Water depth and drilling technology
Note: Technology allows to drill deeper for exploration rather than for production
Source: Shell
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LNG increasing commercial importance
Previous LNG options for export
Source SPE
Present FSRU projects in the Eastern MediterraneanSource OMC Ravena
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Water depth trend in western Greece
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Convergence of technical - financial - geopolitical markers
Important recent discoveries of gas in SE Mediterranean and the Black Sea
New petroleum concept model was added since 2015 in the Mediterranean
Improvement of deep and ultra-deep drilling technologies and cost reduction
Increasing commercial importance of LNG / FSRU / storage
Targeting, among others, to diversify gas supplies for the European market
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Harmonization - what do we expect
Fiscal regimes ?
May be farm-ins / farm-outs ?
Offshore safety ?
Convergence of technical - financial - geopolitical markers
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Convergence of technical - financial - geopolitical markers
Just 4 cartoons
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Take out 1500 meters of water
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Take out 2000 meters of water
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Take out 2500 meters of water
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Take out 3000 meters of water
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Water depth - drilling technology- offshore safety
It goes hand in hand withthe Offshore Safety European Directive
and the international standards implemented in Greece by HHRM in
cooperation with EBRD