THE HELLENIC HYDROCARBON RESOURCES MANAGEMENT STATE COMPANY

Παρουσίαση με θέμα: "THE HELLENIC HYDROCARBON RESOURCES MANAGEMENT STATE COMPANY"— Μεταγράφημα παρουσίασης:

1 THE HELLENIC HYDROCARBON RESOURCES MANAGEMENT STATE COMPANY
ΔΕΘ 2017 Θεσσαλονίκη, 9 Σεπτεμβρίου 2017 THE HELLENIC HYDROCARBON RESOURCES MANAGEMENT STATE COMPANY Yannis Bassias President and CEO of HHRM

2 Contribution to the economic growth and energy independence
Objectives of HHRM Contribution to the economic growth and energy independence Development of the geological knowledge of the country Support and promotion of research for the O&G industry Creation of jobs in innovative fields Signing of agreements and ways to strengthen international relations ΔΕΘ ΕΛΛΗΝΙΚΗ ΔΙΑΧΕΙΡΙΣΤΙΚΗ ΕΤΑΙΡΕΙΑ ΥΔΡΟΓΟΝΑΝΘΡΑΚΩΝ Σεπτεμβρίου 2017

3 Fulfill the operational needs of HHRM S.A.
Directions for Fulfill the operational needs of HHRM S.A. Shape new seismic data acquisition and reprocess the existing seismic data Review the evaluation of the hydrocarbon potential of the country Follow the contractual obligations related to the existing concessions Improve the terms of future tenders for the research, exploration and exploitation of hydrocarbons ΔΕΘ ΕΛΛΗΝΙΚΗ ΔΙΑΧΕΙΡΙΣΤΙΚΗ ΕΤΑΙΡΕΙΑ ΥΔΡΟΓΟΝΑΝΘΡΑΚΩΝ Σεπτεμβρίου 2017

4 Attracting investment interest
Key priorities for (and steps made in 2017) Attracting investment interest Enrichment of geophysical database of Western Greece and South of Crete Collaboration with organizations and universities Offshore Health, Safety, Environment Work environment Promote the company image and public relations ΔΕΘ ΕΛΛΗΝΙΚΗ ΔΙΑΧΕΙΡΙΣΤΙΚΗ ΕΤΑΙΡΕΙΑ ΥΔΡΟΓΟΝΑΝΘΡΑΚΩΝ Σεπτεμβρίου 2017

5 Attracting investment interest
Key priorities for (and steps made in 2017) Attracting investment interest Offshore areas for which there was no significant interest (free acreage from the previous round of concessions) New land areas in mainland Central Greece Enrichment of the geophysical database of Western Greece and South of Crete Acquisition and processing of new seismic data Reprocessing of existing seismic data Cooperation with the Technical University of Crete Physico-mathematical simulations on offshore seismic data south and west of Crete Database of organic matter occurrence and properties in wells and outcrops in Greece ΔΕΘ ΕΛΛΗΝΙΚΗ ΔΙΑΧΕΙΡΙΣΤΙΚΗ ΕΤΑΙΡΕΙΑ ΥΔΡΟΓΟΝΑΝΘΡΑΚΩΝ Σεπτεμβρίου 2017

6 Key priorities for 2017-2020 (and steps made in 2017) Offshore safety
International tender by EBRD to select an international expert to conduct audit in existing offshore installations in the country Training of personnel to be recruited for this purpose Human resources Currently, our staff is composed of 9 high scientific level partners on geophysics, geology, reservoir, legal and administrative assistance Board is involved in technical and legal expertise Planning the recruitment of up to ten additional people, to meet future needs in economics, production, HSE and public relations positions ΔΕΘ ΕΛΛΗΝΙΚΗ ΔΙΑΧΕΙΡΙΣΤΙΚΗ ΕΤΑΙΡΕΙΑ ΥΔΡΟΓΟΝΑΝΘΡΑΚΩΝ Σεπτεμβρίου 2017

7 Promotion and public relations
Key priorities for (and steps made in 2017) Work environment Moving in new offices will allow discretion, creative workspaces and independence Promotion and public relations Workshops for the Southeast Mediterranean in Brussels, Rome, Athens, Heraklion, Larnaca, Nicosia, Alexandroupoli Presentations on the perspectives in Greece with the Chamber of Commerce and Industry of Athens, the Chamber of Commerce of Patra, the Institute of Energy Presentations in collaboration with the Greek Consulate in Houston Interviews to Reuters, Upstream Journal, Oil and Gas Journal Articles in international and Greek financial newspapers and Web newspapers ΔΕΘ ΕΛΛΗΝΙΚΗ ΔΙΑΧΕΙΡΙΣΤΙΚΗ ΕΤΑΙΡΕΙΑ ΥΔΡΟΓΟΝΑΝΘΡΑΚΩΝ Σεπτεμβρίου 2017

8 Economic impact and growth prospects
In secondary and tertiary sectors Administrative, industrial and other stakeholders Infrastructure and related services Port facilities Land, sea and air transportation specialists Technical, legal and financial services For local communities Jobs Education Sustainable development Funding through European Investment Bank Greek banks Midstream and downstream companies ΔΕΘ ΕΛΛΗΝΙΚΗ ΔΙΑΧΕΙΡΙΣΤΙΚΗ ΕΤΑΙΡΕΙΑ ΥΔΡΟΓΟΝΑΝΘΡΑΚΩΝ Σεπτεμβρίου 2017

9 The position of Greece in the Mediterranean
Western part of the Eastern Mediterranean - Eastern part of the Western Mediterranean ΔΕΘ ΕΛΛΗΝΙΚΗ ΔΙΑΧΕΙΡΙΣΤΙΚΗ ΕΤΑΙΡΕΙΑ ΥΔΡΟΓΟΝΑΝΘΡΑΚΩΝ Σεπτεμβρίου 2017

10 Current situation of acreage
PRINOS ENERGEAN OIL & GAS HELPE-CALFRAC IOANNINA REPSOL ENERGEAN OIL &GAS BLOCK 1 ARTA-PREVEZA HELPE AITOLOAKARNANIA ENERGEAN OIL &GAS BLOCK 2 TOTAL-HELPE-EDISON PATRAIKOS HELPE-EDISON NW PELOPONNESE HELPE KATAKOLON ENERGEAN OIL & GAS BlLOCK 10 HELPE ΕΔΕΥ 29 Μαρτίου 2017 ΔΕΘ ΕΛΛΗΝΙΚΗ ΔΙΑΧΕΙΡΙΣΤΙΚΗ ΕΤΑΙΡΕΙΑ ΥΔΡΟΓΟΝΑΝΘΡΑΚΩΝ Σεπτεμβρίου 2017

11 Current situation of acreage
IOANNINA Seismic acquisition in a mountainous rough terrain to start in REPSOL farmed-in with 60% to ENERGEAN PATRAIKOS Double azimuth 3D seismic and top of the rank environmental study completed HELPE and EDISON appraise agenda for drilling first well in 2018 KATAKOLON Field Development Plan of ENERGEAN approved to drill in Exploitation rights were awarded in October 2016 The field was discovered in the early 80s. ARTA-PREVEZA AITOLOAKARNANIA NW PELOPONNESE BLOCK 1 BLOCK 2 BLOCK 10 PRINOS Prinos production raised to average 3600 bod in 2016. THRACE SEA Ongoing NORTH IONIAN SEA Expression of Interest by ENERGEAN SOUTH IONIAN SEA & WEST OF CRETE Expression of Interest by TOTAL-EXXONMOBIL-HELPE The three onshore lease agreements are in the process of ratification Evaluation ongoing Lease agreement initialed with ΤOTAL-HELPE-EDISON. Process of ratification Approval ongoing ΔΕΘ ΕΛΛΗΝΙΚΗ ΔΙΑΧΕΙΡΙΣΤΙΚΗ ΕΤΑΙΡΕΙΑ ΥΔΡΟΓΟΝΑΝΘΡΑΚΩΝ Σεπτεμβρίου 2017

12 Transpression / Transtension
Geological environments with petroleum interest in western and southern Greece Carbonate platform and reefs Structurally complex area Thrusts Wedge Transpression / Transtension ΕΔΕΥ 29 Μαρτίου 2017 ΕΔΕΥ 29 Μαρτίου 2017 ΔΕΘ ΕΛΛΗΝΙΚΗ ΔΙΑΧΕΙΡΙΣΤΙΚΗ ΕΤΑΙΡΕΙΑ ΥΔΡΟΓΟΝΑΝΘΡΑΚΩΝ Σεπτεμβρίου 2017

13 The interest in the Ionian Sea and south-west of Crete
Carbonate platform and reefs Structuraly complex area Thrusts Tens of millions of years ago Wedge Transpression / Transtension ΕΔΕΥ 29 Μαρτίου 2017 ΕΔΕΥ 29 Μαρτίου 2017 ΔΕΘ ΕΛΛΗΝΙΚΗ ΔΙΑΧΕΙΡΙΣΤΙΚΗ ΕΤΑΙΡΕΙΑ ΥΔΡΟΓΟΝΑΝΘΡΑΚΩΝ Σεπτεμβρίου 2017

14 Necessary additional geophysical coverage
Infill or 3D seismic lines Infill seismic lines Change of orientation to N-S, E-W ΔΕΘ ΕΛΛΗΝΙΚΗ ΔΙΑΧΕΙΡΙΣΤΙΚΗ ΕΤΑΙΡΕΙΑ ΥΔΡΟΓΟΝΑΝΘΡΑΚΩΝ Σεπτεμβρίου 2017

15 Offshore acreage end of 2017
At the end of year 2017 applications for exploration will deal with more than 30% of the entire western Greece offshore area. These applications will cover now around 61% of the acreage that was offered during the bid round of 2014 Ionian HHRM considers that in 2020, due to the end of first phase of exploration, the relinquishment of acreage should account for almost 25% of the awarded offshore blocks leading to a bid round rich in data, exploration record and technical awareness International Tenders 2017 West of Crete of that Southwest of Crete Between 2012 and 2016, on a total offshore area of 205,000 sq km, the industry was attracted by only 5% of the area, leading to applications for exploration in 5 offshore blocs ΔΕΘ ΕΛΛΗΝΙΚΗ ΔΙΑΧΕΙΡΙΣΤΙΚΗ ΕΤΑΙΡΕΙΑ ΥΔΡΟΓΟΝΑΝΘΡΑΚΩΝ Σεπτεμβρίου 2017

16 Where to explore next ? ΕΔΕΥ 29 Μαρτίου 2017 ΕΔΕΥ 29 Μαρτίου 2017
ΔΕΘ ΕΛΛΗΝΙΚΗ ΔΙΑΧΕΙΡΙΣΤΙΚΗ ΕΤΑΙΡΕΙΑ ΥΔΡΟΓΟΝΑΝΘΡΑΚΩΝ Σεπτεμβρίου 2017