1 / 17

Hydrocarbon Exploration Activities Offshore Cyprus

Solon Kassinis Director - Energy Service. Hydrocarbon Exploration Activities Offshore Cyprus. Ministry of Commerce, Industry & Tourism Republic of Cyprus. Delegation of French Oil & Gas Companies Nicosia, 05 December 2012. Gas Discovery - Block 12.

zanna
Download Presentation

Hydrocarbon Exploration Activities Offshore Cyprus

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Solon Kassinis Director - Energy Service Hydrocarbon Exploration Activities Offshore Cyprus Ministry of Commerce, Industry & Tourism Republic of Cyprus Delegation of French Oil & Gas Companies Nicosia, 05 December 2012

  2. Gas Discovery - Block 12 • Oct. 2008: Exploration Licence and PSC with Noble Energy International Ltd • Sept. 2009: 469 sq km 3D seismic survey (Prospect: Aphrodite) • Jun. 2011: 4,000 km 2D seismic survey + Grav & Mag Surveys • Sept. 2011: First Exploratory Well • Oct. 2011: First Renewal of the Exploration Licence – 25% Relinquishment

  3. Gas Discovery - Block 12 Natural Gas Discovery 28 Dec. 2011 • 7tcf gross mean estimated resources • 40 sq. miles field area • 5,860m total depth • 1,688m water depth

  4. Gas Discovery - Next Steps: Appraisal Drilling • An appraisal well is planned to be drilled in Aphrodite field within the first quarter 2013 • 5,950m total depth • 1,730m water depth • Preparation of tenders for the appraisal drilling under progress • The whole appraisal process is anticipated to be completed by early 2015 ENSCO 5006

  5. Gas Discovery - Next Steps: Upstream Development • Verification (exploratory) well drilling • Reservoir appraisal and assessment • Studies on the installation of offshore and onshore equipment • Production drilling and well completion • Subsea system installation • Deep water host commissioning • Export pipeline installation

  6. Gas Discovery - Next Steps: Pipelines • Studies are underway regarding the pipeline routing from the gas field to Cyprus’ shore • Gas Supply from Block 12 via pipeline: 2017-2018 • Interim Solution: Proposals for the transport of natural gas to Cyprus for meeting its domestic demand under evaluation Submerged Canyon Complex Subduction Zone

  7. Gas Discovery - Next Steps: Downstream Development • The political decision for the establishment of an onshore LNG plant has been taken • Available land for the construction up to 3 trains (5MT/year each) • Additional gas flows from other upstream fields (EEZ of the Republic of Cyprus and the neighboring countries) will be handled by the plant • It will be the largest investment in the island's history • Indicative timetable for project competition: 2019

  8. Gas Discovery - Next Steps: Downstream Development LNG Export to Regasification Terminals

  9. Gas Discovery - Next Steps: Downstream Development Natural Gas Pipeline: Israel-Cyprus-Greece LEGEND Existing pipeline Planned pipeline Tans-Med Gas Pipeline Compressor Station

  10. Gas Discovery - Next Steps: Downstream Development Undersea Electric Power Line: Israel-Cyprus-Greece

  11. Natural Gas Supply to Europe (2011) • LNG • Qatar: 43 bcm • Algeria: 13bcm • Nigeria: 14.5bcm • Egypt: 4 bcm • Trinidad Tobago: 4 bcm • Norway: 2.5bcm • Pipeline Gas • Russia: 115 bcm • Norway: 93 bcm • Algeria: 33bcm LNG Flows Pipeline Gas Flows Source: BP Statistical Review of World Energy

  12. Natural Gas Demand in Europe - 2030 Primary Energy Consumption (Μtoe) Natural Gas Share in EU’s Primary Energy Consumption (%) Source: Eurostat & Eurogas

  13. Natural Gas Demand in Europe - 2030 Necessary Additional Natural Gas Supplies up to 2030 • Natural Gas Production within EU declines • The share of Natural Gas in EU’s primary energy consumption will remain high i.e. mainly for power generation purposes • The exploitation of shale gas faces environmental challenges The North East Mediterranean Region could be a new source for Natural Gas Supply to Europe Source: Eurogas

  14. More Gas (Oil?) Discoveries are coming… • 2nd Licensing Round: 11 Feb. – 11 May 2012 • Available Blocks: 1-11 & 13 • Number of Applicants: 15 Companies/Consortia • Number of Applications Submitted: 33 • Negotiation Phase • Blocks 2 & 3: ENI-KOGAS • Block 9: Total-Novatek-GPB • Block 11: Total

  15. 2nd Licensing Round • Block 2 • Water Depth: 248 - 2,051 m (average 1,575 m) • Average Distance from Vasilikos: ~75 km • Block 3 • Water Depth: 782 - 2,020 m (average 1,481 m) • Average Distance from Vasilikos: ~125 km • Block 9 • Water Depth: 1,887 - 2,351 m (average 2,108 m) • Average Distance from Vasilikos: ~105 km • Block 11 • Water Depth: 1,194 - 2,186 m (average 1,621 m) • Average Distance from Vasilikos: ~190 km • Extensive Existing Seismic Data: • 2D seismic grid 5x5km • 659 sq. km 3D (2007) seismic data in Block 3 • Proposed Working Program for Blocks 2, 3, 9 & 11: • Extensive 2D & 3D seismic surveys • 1 / 2 exploratory wells for the first exploration phase (3yrs)

  16. Cyprus' Energy Profile Will Change Radically… • New Exploration Licenses (more hydrocarbon discoveries) • Proposals for gas supply as interim solution (2015) • Gas Supply to Cyprus via Pipeline • Establishment of LNG plant for gas transport to EU and the International Markets • Other options for gas monetization: • Gas export pipeline • GTL • Petrochemicals • Cyprus can develop the necessary infrastructure for providing services to drilling activities

  17. Thank you for your attention!

More Related