The place of Greece

www.greekhydrocarbons.gr

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 ?



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Just 4 cartoons


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Take out 1500 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

The place of Greece

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