Opportunities in the Eastern Mediterranean

How can the industry be developed across Lebanon, Malta, Egypt, Greece, Israel 0

Thursday, September 20, 2018, London, The Geological Society


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The Eastern Mediterranean holds a lot of fascination for the oil and gas industry - after the shock of the discovery of the Zohr oilfield offshore Egypt.

There is plenty of interest in Egypt with oilfield sales going on. And could there be oilfields around Cyprus, offshore Lebanon, perhaps Israel? What are the prospects for Libya? Is it time for a renewal of interest in Greek and Egypt?

Agenda

9:30

Neil Hodgson - Executive Vice President Mediterranean and Middle East Region - Spectrum

Chairman's introduction

Talk Description.


Dr Neil Hodgson joined Spectrum in June 2012, having previously worked for BP, BG and Premier Oil at a number of Exploration Geology roles over a 25 year career. His last role prior to joining Spectrum was as Exploration Director for Matra Petroleum. Neil is focussed on developing the understanding of hydrocarbon plays in the areas of Spectrum’s Library, and finding new ways for Spectrum to do business. He manages Spectrum’s Geology, Geophysics and GIS technology team located in the UK office.

Spectrum
Spectrum is established as a key player in the seismic services market. The company focuses on delivering high-quality Multi-Client seismic data and holds the world's largest 2D offshore library.

Spectrum is among the seismic industry's fastest growing companies. The Spectrum group provides innovative Multi-Client seismic surveys and high quality Seismic Imaging services to the global oil and gas industry from offices in the USA, Norway, UK, Brazil, Australia, Indonesia and Singapore.
9:50

Gareth Freeston Smith - Head Sub-surface for Israel - Energean Oil and Gas

Developments at Energean


Energean Oil and Gas
Energean Oil & Gas (LSE:ENOG) is an independent E&P company focused on developing resources in the Eastern Mediterranean, where it holds 13 licenses and operates assets with a production track record of more than 37 years.
10:25

Owen Sutcliffe - Manager, Exploration Insights - Landmark Exploration Insights

Exploring the Eastern Mediterranean: Regionally Defining the Framework for Success

Talk Description.

Outside of the well-established play fairways of the Nile Delta, the offshore Eastern Mediterranean is without question a high-profile emerging frontier for exploration. Two significant plays in this frontier are now documented with the challenge being to map likely play extent. These plays comprise the predominantly Early Miocene turbidites of the Tamar sandstones of the Levant Basin and, more recently, Cretaceous to Miocene carbonate buildups typified by the Zohr discovery. In both cases, the dominant phase of hydrocarbon appears to be dry biogenic gas. This presentation introduces the necessary elements to evaluate these incipient fairways and develop new play concepts, particularly in underexplored areas.











Five primary geological research themes are relevant for reducing exploration risks in this region. They are evaluated using regional geological concepts to aid the delivery of models for exploration success. Each of them is discussed and a framework for their evaluation is provided.





The first theme investigates the provenance of the quartz-prone reservoirs in Early Miocene turbidites of the Levant Basin. These sandstones are extensive, amalgamated into sheet-like bodies, deposited during multiple sequences of sea level fall and, with the exception of the Nile Delta, are flanked to the east by slopes that are essentially out-of-grade. A Paleo-Nile provenance is likely, with regional tectonic episodes on this delta limiting the delivery of sands to the Levant Basin to the Early Miocene. In the Middle Miocene, these clastics could have been diverted into the underexplored Herodotus Basin.











The second theme shows the scale and extent of offshore carbonate play fairways and the ability to predict or identify the occurrence of such carbonate buildups that are comparable with Zohr. Their growth is enhanced where clastic poisoning is limited; in the Miocene (at least), this can be modeled by mapping the basinward diminution of clastics around paleo-highs from seismic sections. Platform carbonates probably developed along the Cretaceous passive margin onto outboard highs that formed during Triassic and Jurassic rifting, so prospective targets are expected to be located along these early Mesozoic structural trends. At Zohr, reservoir quality could have been enhanced by periods of subaerial exposure and subsequent karstification, so larger scale buildups situated on the longest-lived structures that remained elevated near sea level could have better reservoir potential.











The third theme shows the nature and timing of charge, its relationship to trap formation, and the potential for non-dry gas and liquid phases in the resource portfolio. Regional variations in heat flow are poorly identified and are also likely to be influenced by the occurrence of thick Messinian salts. Therefore, the creation of reasoned, regional conditions and multi-scenario burial models is the only way to best evaluate the range of opportunity in these domains.











The fourth and fifth themes are similar and reflect stratigraphic uncertainty around the stratigraphic composition of sub-Miocene plays in the Levant Basin and the stratigraphy of the Herodotus Basin, respectively. These uncertainties are best evaluated through the adoption of a holistic appreciation for regional geological development and a robust model for the broad-scale structural organization.











The future exploration potential of the Eastern Mediterranean is considered significant and insights into exploration are best identified using an integrated regional evaluation of its geology that is delivered by integrating sequence stratigraphic and geodynamic models.







Landmark Exploration Insights
Landmark Exploration Insights (formerly Neftex), is a product family within Landmark, a business line of Halliburton. We specialise in the collation, integrations and interpretation of large geoscience dataset and the delivery of these as subsurface models. We are recognised as industry leaders in the provision of web-based sequence stratigraphic products and their global application. Our integrated global geological database - the Neftex Earth Model delivers data, knowledge and insight to help our clients better understand geological risk in their exploration and investment activities.

11:00 Coffee & Tea; Exhibits

11:25

Felicia Winter - Interpretation Geophysicist/Potential Field Analyst - TGS

Opportunities in Malta and Libya


With a background in potential field data analysis and interpretation gained during various offshore expeditions with the Polar and Marine Research Institute 'Alfred-Wegener-Institute Bremerhaven' (Germany) Felicia has worked the past 5 years in TGS’ Geotechnical Interpretation team, before she joined the Africa and Middle East group. TGS now extensively incorporates gravity and magnetic crustal modelling studies as part of regional seismic interpretation products, assessing new frontiers and survey planning.

As an experienced geoscientist her work focussed on seismic facies and play fairway analyses of 2D and 3D surveys and basin modelling. Including potential field data analyses in any study has the advantage of identifying the tectonic framework in the study area - a necessary step when entering a little explored basin. Thermal modelling is also a crucial component of TGS’ onshore products and well based studies with the objective of a full prospectivity or potential exploration assessment.

TGS
TGS is the world's largest geoscience data company, known for its asset-light, multi-client business model and global data library. Our primary business is to provide geoscience data to energy companies worldwide. We offer extensive global libraries that include seismic data, magnetic and gravity data, multibeam and coring data, digital well logs and production data. Additionally, the company offers advanced processing and imaging services, interpretation products and data integration solutions.
12:00

Matthew Pyett - Project Geoscientist, New Ventures - Africa, Mediterranean & Middle East - PGS

Prospectivity and Exploration Opportunities in the Eastern Mediterranean

Talk Description.
Exploration interests have increased significantly in the Eastern Mediterranean of late, mainly caused by the discovery of the giant gas field, Zohr in 2015. As a consequence, successful drilling of a new play concept was proven to work and this carbonate play has continued to be proven in subsequent wells targeting additional carbonate structures within close proximity to Zohr. This new play combined with the producing clastic plays across the Nile Delta and the discovered gas fields that extend into the Levantine Basin have reignited the industry interest in this region.
With recent and upcoming licence rounds, new and ongoing seismic acquisition with planned exploration wells targeting frontier basins and a significant long term export market the area continues to be a key area of interest for many operators looking to take an early advantage into these frontier basins.

This presentation aims to highlight the general prospectivity and exploration opportunities within the Eastern Mediterranean using seismic examples with a key focus on two frontier basins from the region, thereby highlighting the potential both offshore Western Egypt and Offshore Lebanon.

PGS
PGS is a dedicated marine geophysical company. We provide images and 3D models of the subsurface that oil companies use to find oil and gas reserves. Our business is technology driven and we offer a broad range of seismic, electromagnetic and reservoir services, including acquisition, imaging, reservoir characterisation, interpretation and field evaluation. The PGS MultiClient seismic library is among the largest and most modern in the industry. Around 60% of the 2D data and almost 30% of all 3D data has been acquired with GeoStreamer®, the industry's first true broadband marine seismic system. The result is subsurface images of greater clarity, accuracy and reliability.
12:35

Karyna Rodriguez - Director of Geoscience - Spectrum

Offshore Lebanon; Solving the Eastern Mediterranean’s Oil Mystery.


Petroleum geoscientist with 25 years of multidisciplinary experience in global offshore and onshore exploration inclined projects. She worked in companies like BG and PEMEX gaining diverse experience from regional play and prospect generation and evaluation, to working closely with high level management on their portfolio strategies. In her current role she manages Spectrum’s Geology, Geophysics and GIS technology team, working on projects on a global scale and enhancing the data library by providing technical geoscientific rational and justification.

Spectrum
Spectrum is established as a key player in the seismic services market. The company focuses on delivering high-quality Multi-Client seismic data and holds the world's largest 2D offshore library.

Spectrum is among the seismic industry's fastest growing companies. The Spectrum group provides innovative Multi-Client seismic surveys and high quality Seismic Imaging services to the global oil and gas industry from offices in the USA, Norway, UK, Brazil, Australia, Indonesia and Singapore.
13:10 Lunch and close

Sponsors of this event

Landmark Exploration Insights
Landmark Exploration Insights (formerly Neftex), is a product family within Landmark, a business line of Halliburton. We specialise in the collation, integrations and interpretation of large geoscience dataset and the delivery of these as subsurface models. We are recognised as industry leaders in the provision of web-based sequence stratigraphic products and their global application. Our integrated global geological database - the Neftex Earth Model delivers data, knowledge and insight to help our clients better understand geological risk in their exploration and investment activities.

TGS
TGS is the world's largest geoscience data company, known for its asset-light, multi-client business model and global data library. Our primary business is to provide geoscience data to energy companies worldwide. We offer extensive global libraries that include seismic data, magnetic and gravity data, multibeam and coring data, digital well logs and production data. Additionally, the company offers advanced processing and imaging services, interpretation products and data integration solutions.

Spectrum
Spectrum is established as a key player in the seismic services market. The company focuses on delivering high-quality Multi-Client seismic data and holds the world's largest 2D offshore library.

Spectrum is among the seismic industry's fastest growing companies. The Spectrum group provides innovative Multi-Client seismic surveys and high quality Seismic Imaging services to the global oil and gas industry from offices in the USA, Norway, UK, Brazil, Australia, Indonesia and Singapore.

PGS
PGS is a dedicated marine geophysical company. We provide images and 3D models of the subsurface that oil companies use to find oil and gas reserves. Our business is technology driven and we offer a broad range of seismic, electromagnetic and reservoir services, including acquisition, imaging, reservoir characterisation, interpretation and field evaluation. The PGS MultiClient seismic library is among the largest and most modern in the industry. Around 60% of the 2D data and almost 30% of all 3D data has been acquired with GeoStreamer®, the industry's first true broadband marine seismic system. The result is subsurface images of greater clarity, accuracy and reliability.

Registered Delegates

Hugh Ebbutt
Director
A T Kearney
United Kingdom
Phillip Hicken
Sales Advisor
Getech
Josh King
Analyst
RAB Capital
United Kingdom
Muktadir Ur Rahman
Director
Apex Consulting Ltd
United Kingdom
Owen Sutcliffe
Head of Stratigraphic Research
Halliburton
Robert Snashall
Consultant
RGSConsult
United Kingdom
David Craik
Consultant
Atlaslocal
United Kingdom
David Jenkins
Director
Hurricane Energy plc
United Kingdom
Andreas Exarheas
Assistant Editor
Rigzone
United Kingdom
Christian Richards
Sales Manager
AustinBridgeporth
United Kingdom
Phil Carpenter
Business Development Manager
Ikon Science
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Chris Hayes
Well Operations Director
RPS Energy
United Kingdom
Robert FE Jones
Director
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Neil Simons
Consultant
Independent
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Stephen Boccioli
Technical Director
SCDM Energy
United Kingdom
Chris Matchette-Downes
MD & Owner
CaribX and MDOIL Limited
United Kingdom
Mark Robinson
Consultant
Independent
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Oguz Gurbuz

Scotiabank
James Andrew
Busines Development Mgr EAME
CGG
United Kingdom
Nick Steel
Consultant
Independent
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Alice Gulliford
Exploration Geoscientist
Shell International
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Andrew Webb
Manager, Petroleum Reservoir and Economics
CGG
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Abdulmohsin Dolaijan
Consultant
Independent
Paul Tricker
Team Lead, Portfolio New Business
Shell International E&P
Micky Allen
consultant
consultant
United Kingdom
Manouchehr Takin

Independent consultant
United Kingdom
Tom Martin
Director
Shikra Consulting
United Kingdom
John Hall
Consultant geophysicist
Consultant
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John Foyle
Account manager, global multiclient sales
ION
Simon Bradbury
Director
Simelis
United Kingdom
Anne-Mette Cheese
Exploration Geologist
Consultant
United Kingdom
Christian Bukovics
Independent Director
JKX Oil&Gas Plc
United Kingdom
Hannah Aylwin
Geoscientist
SLR Consulting
United Kingdom
Peter Farrington
Geophysicist
Consultant Geophysicist
United Kingdom
Sigrún Stanton
Regional Geoscientist
Landmark Exploration Insights
Karyna Rodriguez
Director of Geoscience
Spectrum
United Kingdom
Richard Walker
Consultant Geophysicist
Cornhill Economics Ltd
United Kingdom
Peter Allen
consultant
layla resources
United Kingdom
Ian Setterfield
VP Sales
Spectrum Geo
United Kingdom
Graham Clevett
Managing Director
Cornhill Economics Ltd
United Kingdom
Rupert Simcox
Data Analyst
Lynx Information Systems
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Neil Hodgson
EVP Mediterranean and Middle East Region
Spectrum Geo Ltd
Ian Newth
Director
Count Geophysics
United Kingdom
Chris Morgan
Managing Director
Lynx Information Systems Ltd
United Kingdom
Nigel Flood
Multiclient Sales Manager
Spectrum Geo Ltd
United Kingdom
Raffaele Di Cuia
Technical Director
Delta Energy Limited Ltd
Duncan Macgregor
Consultant Geologist
MacGeology
United Kingdom
Andy Harris

SpectrumGeo
United Kingdom
Stephen Norman
Business Development Manager
DNV GL
United Kingdom
Mike Larsen
Director
Metastream Ltd
United Kingdom
Ben Sayers
Business Development Manager, AME
TGS
United Kingdom
Alexandros Pastos
Engineer
DNV GL
Adrian Gregory
Principal Consultant
MORE Consultancy plc
Felicia Winter
Interpretation Geophysicist/
TGS
Brian Donnelly
Consultant Geophysicist
Donnelly
United Kingdom
Mike King
Oil & Gas Manager
NPA Satellite Mapping
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Chris Anderson
Sales Director
TGS
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Tom Richards
Regional Manager, North Africa
Drillinginfo
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Ulrich Knauthe

OMV
Diveena Danabalan
Upstream Energy Analyst- Oil and Gas
The EIC
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Gareth Freeston Smith
Head Sub-surface for Israel
Energean Oil and Gas
Abi Mirkhani
COO
OPG Supply
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Tim Clarke

Troika
Martin Riddle
Technical Manager
Envoi
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Dave Waters
Director and Geoscience Consultant
Paetoro Consulting UK Ltd
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Jill Lewis
Managing Director
Troika International Ltd
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Jorgen Keyser

Equinor
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Antoine Darque

Petroleum Deals in Play (petroDIP.com)
Steve Bottomley
Director
Upstream Consultants Limited
United Kingdom
Avinga Pallangyo
Events Manager
Finding Petroleum
Antoine Darque

Petroleum Deals in Play (petroDIP.com)
Julie Branston
Region Manager, EUR & Russia
WesternGeco
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Richard McIntyre
Sales Manager
Finding Petroleum
Peter Wijnen
New Ventures - Africa, Mediterranean & Middle East
PGS
Alastair Bee

Westwood Global Energy
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Karl Jeffery
Editor
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Alex Vartan
V.P. Africa MultiClient
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NIKOS VOLIKAS
Pipelines Group Manager
WOOD Plc
Nick Norton
Senior Energy Advisor
Foreign Office
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Matthew Pyett
Project Geoscientist, New Ventures - Africa, Mediterranean & Middle East
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Ro bert Helme
Business Development
Wood Plc
Mike Cline
Director
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Deirdre ODonnell
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Jeremy Berry
BD Director
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Frederic Yeterian
Director
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Reza Sedaghat
Director
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Bryan Moseley
Geologist
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John Clure
Managing Director
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Sara Stephens
Sales Manager
Zebra Data Sciences
Neil Mundell
Consultant Geophysicist
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David Contreras
Gegional Geoscience Manager
Polarcus
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