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Assessing the E & P landscape in Greece HHRM’s dynamic role shaping the Greek oil and gas scene Hellenic Hydrocarbon Resources Management SA Yannis Bassias May 7, 2018 President and CEO of HHRM www.greekhydrocarbons.gr MED PETROLEUM SUMMIT UPSTREAM AND MIDSTREAM Athens, Greece, 7 and 8 May 2018

Assessing the E & P landscape in GreeceIsolated carbonate build up sealed by Neogene pelagic sediments and evaporites Max width: 9 km, 3 km each rim Various channels to be observed

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Page 1: Assessing the E & P landscape in GreeceIsolated carbonate build up sealed by Neogene pelagic sediments and evaporites Max width: 9 km, 3 km each rim Various channels to be observed

Assessing the E & P landscape in Greece

HHRM’s dynamic role

shaping the Greek oil and gas scene

Hellenic Hydrocarbon Resources Management SA

Yannis Bassias May 7, 2018

President and CEO of HHRM

www.greekhydrocarbons.gr

MED PETROLEUM SUMMIT

UPSTREAM AND MIDSTREAM

Athens, Greece, 7 and 8 May 2018

Page 2: Assessing the E & P landscape in GreeceIsolated carbonate build up sealed by Neogene pelagic sediments and evaporites Max width: 9 km, 3 km each rim Various channels to be observed

The Mediterranean bathymetry

Greece and East Med Hellenic Hydrocarbon Resources Management (HHRM) Athens, Greece, May 7, 2018

Page 3: Assessing the E & P landscape in GreeceIsolated carbonate build up sealed by Neogene pelagic sediments and evaporites Max width: 9 km, 3 km each rim Various channels to be observed

The deep-ultradeep water perspective

Greece and East Med Hellenic Hydrocarbon Resources Management (HHRM) Athens, Greece, May 7, 2018

Page 4: Assessing the E & P landscape in GreeceIsolated carbonate build up sealed by Neogene pelagic sediments and evaporites Max width: 9 km, 3 km each rim Various channels to be observed

The position of Greece in the Mediterranean

Western part of the Eastern Mediterranean - Eastern part of the Western Mediterranean

Greece and East Med Hellenic Hydrocarbon Resources Management (HHRM) Athens, Greece, May 7, 2018

Page 5: Assessing the E & P landscape in GreeceIsolated carbonate build up sealed by Neogene pelagic sediments and evaporites Max width: 9 km, 3 km each rim Various channels to be observed

ΕΔΕΥ 29 Μαρτίου 2017ΕΔΕΥ 29 Μαρτίου 2017

Thrusts

Transpression / Transtension

Wedge

Structurally

complex area

Carbonate

platform and reefs

Geological exploration features onshore and offshore western Greece

Greece and East Med Hellenic Hydrocarbon Resources Management (HHRM) Athens, Greece, May 7, 2018

Page 6: Assessing the E & P landscape in GreeceIsolated carbonate build up sealed by Neogene pelagic sediments and evaporites Max width: 9 km, 3 km each rim Various channels to be observed

ΕΔΕΥ 29 Μαρτίου 2017ΕΔΕΥ 29 Μαρτίου 2017

Thrusts

Transpression / Transtension

Wedge

Structurally

complex area

Carbonate

platform and reefs

When upstream and midstream programs meet

TAP

EastMed

This conjunction of features in

western Greece offers a strong

investment incentive

since

it combines

upstream and midstream projects

Greece and East Med Hellenic Hydrocarbon Resources Management (HHRM) Athens, Greece, May 7, 2018

Page 7: Assessing the E & P landscape in GreeceIsolated carbonate build up sealed by Neogene pelagic sediments and evaporites Max width: 9 km, 3 km each rim Various channels to be observed

What is today so exciting in westen Greece ?

Greece and East Med Hellenic Hydrocarbon Resources Management (HHRM) Athens, Greece, May 7, 2018

Page 8: Assessing the E & P landscape in GreeceIsolated carbonate build up sealed by Neogene pelagic sediments and evaporites Max width: 9 km, 3 km each rim Various channels to be observed

Southwest of Crete

Water Depth at structure: 430 mTWT of structure: 950 msecStructure width: ca. 7 kmReefal carbonates “atoll type”, sealed by onlapping lagoonalsediments and Messinian evaporites

Several tens

of million

years ago

NE SW

Greece and East Med Hellenic Hydrocarbon Resources Management (HHRM) Athens, Greece, May 7, 2018

Page 9: Assessing the E & P landscape in GreeceIsolated carbonate build up sealed by Neogene pelagic sediments and evaporites Max width: 9 km, 3 km each rim Various channels to be observed

CalypsoNVentures

Mediterranean, January 2018

OnesiphorosPGS & NVentures

Mediterranean, September 2017

SW CreteHHRM

Similarities

Greece and East Med Hellenic Hydrocarbon Resources Management (HHRM) Athens, Greece, May 7, 2018

Page 10: Assessing the E & P landscape in GreeceIsolated carbonate build up sealed by Neogene pelagic sediments and evaporites Max width: 9 km, 3 km each rim Various channels to be observed

Single anticlineLeviathan, Tamar

33 TCF

Faulted bounded anticlinesAphrodite, Tanin, Karish

6 TCF

Carbonate buildupsCalypso, Oneshiphoros, Zohr, …

37 TCF

Recent discoveries of gas in SE Mediterranean

StratigraphicMari, Noa, Gaza

2.5 TCF

Greece and East Med Hellenic Hydrocarbon Resources Management (HHRM) Athens, Greece, May 7, 2018

Page 11: Assessing the E & P landscape in GreeceIsolated carbonate build up sealed by Neogene pelagic sediments and evaporites Max width: 9 km, 3 km each rim Various channels to be observed

A old mountain chain below the evaporites

NE SW

Greece and East Med Hellenic Hydrocarbon Resources Management (HHRM) Athens, Greece, May 7, 2018

Page 12: Assessing the E & P landscape in GreeceIsolated carbonate build up sealed by Neogene pelagic sediments and evaporites Max width: 9 km, 3 km each rim Various channels to be observed

Ionian

WD at structure: 1,590 mTWT of structure top: 2,9 secIsolated carbonate build up sealed by Neogene pelagic sediments and evaporitesMax width: 9 km, 3 km each rimVarious channels to be observed

NW SE

Greece and East Med Hellenic Hydrocarbon Resources Management (HHRM) Athens, Greece, May 7, 2018

Page 13: Assessing the E & P landscape in GreeceIsolated carbonate build up sealed by Neogene pelagic sediments and evaporites Max width: 9 km, 3 km each rim Various channels to be observed

Ionian

WD at structure: 1,590 mTWT of structure top: 2,9 secIsolated carbonate build up sealed by Neogene pelagic sediments and evaporitesMax width: 9 km, 3 km each rimVarious channels to be observed

NW SE

Greece and East Med Hellenic Hydrocarbon Resources Management (HHRM) Athens, Greece, May 7, 2018

Page 14: Assessing the E & P landscape in GreeceIsolated carbonate build up sealed by Neogene pelagic sediments and evaporites Max width: 9 km, 3 km each rim Various channels to be observed

Lead targets below the evaporites

Greece and East Med Hellenic Hydrocarbon Resources Management (HHRM) Athens, Greece, May 7, 2018

Page 15: Assessing the E & P landscape in GreeceIsolated carbonate build up sealed by Neogene pelagic sediments and evaporites Max width: 9 km, 3 km each rim Various channels to be observed

Pre-salt targets southwest and west of Crete

Messinian salt

WMR

Greece and East Med Hellenic Hydrocarbon Resources Management (HHRM) Athens, Greece, May 7, 2018

Page 16: Assessing the E & P landscape in GreeceIsolated carbonate build up sealed by Neogene pelagic sediments and evaporites Max width: 9 km, 3 km each rim Various channels to be observed

Other prospective areas

Greece and East Med Hellenic Hydrocarbon Resources Management (HHRM) Athens, Greece, May 7, 2018

Page 17: Assessing the E & P landscape in GreeceIsolated carbonate build up sealed by Neogene pelagic sediments and evaporites Max width: 9 km, 3 km each rim Various channels to be observed

ΕΔΕΥ 29 Μαρτίου 2017ΕΔΕΥ 29 Μαρτίου 2017

Messinian salt

WMR

Present and future geophysical coverage

Greece and East Med Hellenic Hydrocarbon Resources Management (HHRM) Athens, Greece, May 7, 2018

Page 18: Assessing the E & P landscape in GreeceIsolated carbonate build up sealed by Neogene pelagic sediments and evaporites Max width: 9 km, 3 km each rim Various channels to be observed

Acreage situation in March 2018

Ionian

Southwest

of Crete

West

of Crete

International Tenders

2017

Extend of the recent

geophysical coverage

in the Ionian and

Cretan Seas

Onshore and offshore

blocks awarded or

under ratification

Greece and East Med Hellenic Hydrocarbon Resources Management (HHRM) Athens, Greece, May 7, 2018

Page 19: Assessing the E & P landscape in GreeceIsolated carbonate build up sealed by Neogene pelagic sediments and evaporites Max width: 9 km, 3 km each rim Various channels to be observed

Last but not least

Greece and East Med Hellenic Hydrocarbon Resources Management (HHRM) Athens, Greece, May 7, 2018

Page 20: Assessing the E & P landscape in GreeceIsolated carbonate build up sealed by Neogene pelagic sediments and evaporites Max width: 9 km, 3 km each rim Various channels to be observed

THANK YOU

come to see us or visit

www.greekhydrocarbons.gr

Greece and East Med Hellenic Hydrocarbon Resources Management (HHRM) Athens, Greece, May 7, 2018