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Hydrocarbon Exploration Activities Offshore CyprusHydrocarbon Exploration Activities Offshore Cyprus
Solon KassinisDirector - Energy Service
Ministry of Commerce, Industry & TourismRepublic of Cyprus
Delegation of French Oil & Gas CompaniesNicosia, 05 December 2012
REPUBLIC OF CYPRUS Energy Service – MCIT
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
REPUBLIC OF CYPRUS Energy Service – MCIT
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
REPUBLIC OF CYPRUS Energy Service – MCIT
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
REPUBLIC OF CYPRUS Energy Service – MCIT
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
REPUBLIC OF CYPRUS Energy Service – MCIT
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
Subduction Zone
Submerged Canyon Complex
REPUBLIC OF CYPRUS Energy Service – MCIT
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
REPUBLIC OF CYPRUS Energy Service – MCIT
Gas Discovery - Next Steps: Downstream DevelopmentLNG Export to Regasification Terminals
REPUBLIC OF CYPRUS Energy Service – MCIT
LEGEND
Existing pipeline Planned pipelineTans-Med Gas PipelineCompressor Station
Gas Discovery - Next Steps: Downstream DevelopmentNatural Gas Pipeline: Israel-Cyprus-Greece
REPUBLIC OF CYPRUS Energy Service – MCIT
Gas Discovery - Next Steps: Downstream DevelopmentUndersea Electric Power Line: Israel-Cyprus-Greece
REPUBLIC OF CYPRUS Energy Service – MCIT
Natural Gas Supply to Europe (2011)
LNG Qatar: 43 bcmAlgeria: 13 bcmNigeria: 14.5 bcmEgypt: 4 bcmTrinidad Tobago: 4 bcmNorway: 2.5 bcmSource: BP Statistical Review of World Energy
LNG FlowsPipeline Gas Flows
Pipeline Gas Russia: 115 bcmNorway: 93 bcmAlgeria: 33 bcm
REPUBLIC OF CYPRUS Energy Service – MCIT
Natural Gas Demand in Europe - 2030
Source: Eurostat & Eurogas
Primary Energy Consumption (Μtoe)
Natural Gas Share in EU’s Primary Energy Consumption (%)
REPUBLIC OF CYPRUS Energy Service – MCIT
Natural Gas Demand in Europe - 2030
Source: Eurogas
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
REPUBLIC OF CYPRUS Energy Service – MCIT
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
REPUBLIC OF CYPRUS Energy Service – MCIT
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)
REPUBLIC OF CYPRUS Energy Service – MCIT
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