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    Day1 - 02 - Hans Hutta - ICM

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    The document discusses the petroleum potential and exploration history of the Black Sea region. It compares the Black Sea to the more established North Sea oil and gas province. While the North Sea has seen over 7,000 wells drilled and significant cumulative production, the Black Sea remains largely unexplored with less than 120 wells drilled. Several key hydrocarbon plays have been identified in the Black Sea, including the Polshkov Ridge in the western Black Sea and the Andrusov Ridge in the central Black Sea. Infrastructure for oil and gas development and transportation is also discussed, including existing and proposed pipeline routes.

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    Day1 - 02 - Hans Hutta - ICM

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    aegean227
    53 views31 pages
    The document discusses the petroleum potential and exploration history of the Black Sea region. It compares the Black Sea to the more established North Sea oil and gas province. While the North Sea has seen over 7,000 wells drilled and significant cumulative production, the Black Sea remains largely unexplored with less than 120 wells drilled. Several key hydrocarbon plays have been identified in the Black Sea, including the Polshkov Ridge in the western Black Sea and the Andrusov Ridge in the central Black Sea. Infrastructure for oil and gas development and transportation is also discussed, including existing and proposed pipeline routes.

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    Day1_02_Hans Hutta_ICM

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    The document discusses the petroleum potential and exploration history of the Black Sea region. It compares the Black Sea to the more established North Sea oil and gas province. While the North Sea has seen over 7,000 wells drilled and significant cumulative production, the Black Sea remains largely unexplored with less than 120 wells drilled. Several key hydrocarbon plays have been identified in the Black Sea, including the Polshkov Ridge in the western Black Sea and the Andrusov Ridge in the central Black Sea. Infrastructure for oil and gas development and transportation is also discussed, including existing and proposed pipeline routes.

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    53 views31 pages

    Day1 - 02 - Hans Hutta - ICM

    Uploaded by

    aegean227
    The document discusses the petroleum potential and exploration history of the Black Sea region. It compares the Black Sea to the more established North Sea oil and gas province. While the North Sea has seen over 7,000 wells drilled and significant cumulative production, the Black Sea remains largely unexplored with less than 120 wells drilled. Several key hydrocarbon plays have been identified in the Black Sea, including the Polshkov Ridge in the western Black Sea and the Andrusov Ridge in the central Black Sea. Infrastructure for oil and gas development and transportation is also discussed, including existing and proposed pipeline routes.

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    of 31

    --ICM--

    PETROLEUM
    MANAGEMENT

    The “Global Oil and Gas


    Black Sea and
    Mediterranean”
    Conference and Exhibition,

    Athens, 23-24 September, 2015


    IS THE BLACK SEA ANOTHER NORTH
    (or CASPIAN) SEA?
    An Overview

    Hans Hutta, ICM-Vienna


    BLACK SEA – Sediment Influx

    2
    3

    1
    4
    5

    1 – Paleo Kamchia River; 2 – Paleo Dnepr-Dnestr River; 3 – Paleo Don River; 4 – Paleo Rioni River;
    5 – Paleo Maritza River; 6 – Recent Danube River
    BLACK SEA AS COMPARED TO NORTH SEA
    THE BLACK SEA STORY

    Remaining HC Estimate
    COMPARISON BLACK SEA vs NORTH SEA

    Black Sea-Deep Sea North Sea


    •Less than 120 Wells drilled •More than 7000 wells drilled
    • Widely Unexplored •First 75 wells dry
    •Black Sea Deep Water one of •Open political system
    World’s last Frontier Areas
    • Industrial focus over 30 years
    • Only One Major Discovery
    • Declining Production
    in Neptun Block / Romania in
    2012
    • (Gas Hydrates: Hundreds of
    Yrs Current Gas Production?)
    THE NORTH SEA STORY (as of 2010)

    World 4th largest oil – producing area

    World 3rd largest gas – producing area

    Cumulative gross revenues of approx. 1500 Billion US$

    500,000 person-years of effort to understand Geology

    300,000 jobs onshore – 50,000 jobs offshore

    Cum. production about 48 Billion bbl oil and 127 TCF gas
    Exploration blocks in the Black Sea

    Nadra

    PDNG Tavriya
    Forosa OPEN
    OPEN

    Teres
    Silistar OPEN OPEN
    in court?

    Note that the map does not reflect properly the latest acreage situation everywhere around the Black Sea, e.g. the outline of the
    Skifska block is shown here as it was nominated by OMV a few years back
    Black Sea Basin, depth to break-up unconformity

    Sea of Azov

    Crimea

    Western Black Sea


    Basin

    Central Pontides

    Western Pontides
    Eastern Pontides

    Robinson et al. (1996)


    Western Black Sea Basin – Deep Sea
    Ukraine
    Shallow water-moderately explored
    Deep water - frontier region
    Crimea
    Romania Russia

    Galata
    Field
    Domino-1, -2

    Bulgaria

    Polshkov Ridge Turkey


    Romania - Deep Sea Discovery: Domino-1

    • First Deep Sea Drilling at 3000 m Depth, 970 m Water Depth


    • Gas Horizon 70.7 m (Operator: Exxon, Petrom)
    • Estimated Reserves: 1.5 to 3 Tcf
    • Investment of Several Billion USD required
    • Possibility to Combine with Bulgarian Polshkov Ridge?
    Bulgaria and Polshkov Ridge

    • Shallow Waters
    1995-Galata Discovery (Texaco, Exxon, OMV), Tested then 34
    MMcf Gas
    • Polshkov Ridge
    High Potential Identified in Block Offshore Varna (Former
    OMV Block ‘Varna’) on Polshkov High - Primary Target Post
    Mesozoic Sequence
    • Gabor Tari et. al. Identified at Least three to four Post
    Mesozoic Deepwater Plays - Segment Severely Underexplored
    • High Recoverable Gas Resources Estimated
    North West
    Forosa and New Skifska Area
    Recoverable Resources:
    Skifska 80-100 M toe
    Forosa 130-150 M toe

    Expected Annual Production:

    Skifska up to 3 M toe
    Forosa up to 4 M toe

    Source:Dr. Volodymyr Ignashchenko


    Secretary of PSA Inter-Agency
    Commission, Ukraine
    Black Sea – Deep Sea
    Significant Exploration Opportunities

    Polshkov Ridge – Western Black Sea


    • Various different Play Types have been identified
    • Defined by several Fault Blocks
    Tetyaev High – North West Black Sea
    • Same play like Andrusov, but Western black sea has thicker tertiary
    sediments as compared to the eastern BS
    Andrusov Ridge – Mid Black Sea
    • Offshore Turkey was drilled - 2 wells dry
    Shatzky Ridge – North East Black Sea
    • Offshore Russia/Caucasus, needs more exploration
    Source: OMV – AG congress Presentation
    Eastern and Southern Black Sea

    Shallow water-moderately explored From Block Varna –


    Deep water - frontier region Engagement in All Other Directions

    Crimea
    Romania

    Russia

    Galata
    Field
    Georgia
    Domino-1

    Bulgaria

    Polshkov Ridge Turkey


    Eastern and Southern Black Sea Wells

    • Istranca-A, TPAO
    • Surmene, TPAO
    • Sinop 1 (TPAO-Petrobras-ExxonMobil)
    • Yassihoyuk 1, TPAO
    • Kastamou
    • Kuskayasi, TPAO
    BBSPA Conference, 15 April 2010, Vienna, presentation by Yurdal Öztaş, TPAO
    Kastamonou, a technical success

    Map from:
    BBSPA Conference, 15 April 2010, Vienna,
    presentation by Yurdal Öztaş, TPAO

    Menlikli et al. (2009)


    Infrastructure: Black Sea Area Pipelines – Gas

    Nabucco cancelled
    New project Tanap

    Russia and Iran wild card (is -Caspian –Sea- a- Lake or Sea-question; if Sea: Ru and IR could claim
    rights to pipelines)
    Infrastructure:Black Sea Area Pipelines – Oil (2007)
    LITHUANIA LEGEND
    K.P. EXISTING
    OIL PIPELINES
    RUSSIA
    PROPOSED OIL
    PIPELINES
    BELARUS
    GERMANY POLAND

    KAZAKHSTAN
    CZECH.
    REP.
    UKRAINE TENGIS
    SLOVAKIA
    SWITZ AUSTRIA

    TRIESTE HUNGARY ODESSA SEA OF


    ROMANIA
    AZOV
    CASPIAN
    NOVOROSSIYSK SEA
    BOSNIA
    ITALY CONSTANSA TUAPSE AKTAU
    ADRIATIC YUGOSLAVIA
    BLACK SEA SUPSA GEORGIA TURKMENISTAN
    SEA SERBIA BULGARIA
    BOURGAS BAKU
    SAMSUN BATUMI
    ARMENIA
    MACEDONIA

    TYRRHENIAN VLORÉ
    ALEXANDROUPOLIS
    SEA GREECE TURKEY NEKA
    SICILY

    CEYHAN IRAN

    SYRIA
    CRETE CYPRUS

    MEDITERRANEAN SEA IRAQ

    JORDAN KHARG
    ISLAND
    SAVGroup
    Petroleum Management

    BLACK SEA
    One of the Last Deep Water
    Underexplored Areas in the World

    ANOTHER NORTH - SEA??


    Black Sea and the New Economic/Political
    Situation
    • Plenty of HC resources available, however,
    • O/G Projects currently less economic
    • Required Oil price needs to be $ 80 to $100
    • Many companies may leave BS
    • Europe plans to decrease gas imports in future
    • S. Stream dropped, new Pipeline to Tr and GR
    • New PL excluding BS: N. Stream parallel Line
    IS THE BLACK SEA ANOTHER NORTH
    (or CASPIAN) SEA?
    An Overview

    Hans Hutta, ICM-Vienna

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