Page 63: of Offshore Engineer Magazine (Mar/Apr 2013)

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MediterraneanMediterranean

Mediterranean activity rebounds after unsettled 2012

Oilfeld activity in the gathered reservoir data over the Miocene and Pliocene gas plays.

Mediterranean region was disrupted Galata feld (shut-in) off Bulgaria Reserves are estimated to be 1-2tcf.

by extreme political events last and determined that it holds at least Last year, South Australia-based

O year across northern Africa. The 6bcf of natural gas reserves. Beach Energy acquired a 30% ‘Arab Spring’ revolutions in Egypt, Melrose fnished interpreting 3D interest in Est Cobalcescu. The 1000

Libya, and Tunisia, as well as the seismic data it acquired last year sq km area lies in less than 100m continuing confict in Syria shut over the Galata block (1790 sq km, (328ft) water depths and contains down most non-essential activity. 691 sq mile). The company has proven hydrocarbon plays and

With offshore operations slowed identifed seven structures with multiple exploration play types. or delayed in the southern half of P50 reserves (unrisked) of 125bcf Beach holds two consecutive three- the sea, the industry has continued (3.5bcm). It plans to drill two wells year licenses, the frst of which operations mainly in the east with this year and four wells next year is compulsory. The company has modest activity across the northern to test targets. The most prospective the right to extend the term an

Mediterranean. structure, Kamchia, estimated additional four years. A year ago, Activity has been greatest in at 27bcf. The Kamchia-1 well is ExxonMobil announced a 3tcf the Black Sea where companies scheduled to spud in April. discovery at its Domino-1 well on are seeking new reserves around Melrose plans to drill one well adjacent acreage.

established felds, and linking on each of its (formerly Petroceltic) According to Beach, the western

Russian gas reserves to southern Romanian concessions, Est Black Sea had several periods

Europe through the construction of Cobalcescu and Muridava. Older of strike-slip deformation and the South Stream pipeline, a sister 2D seismic revealed Cretaceous inversion during the Palaeogene. system to the earlier completed and Eocene oil plays along with The Middle Miocene section is

Blue Stream pipeline that was characterized by subsidence with completed in 2002. carbonate platforms separated by deeps. This was followed by

Black Sea compression during the Pliocene

The merger of Petroceltic that formed large anticlinal

International and Edinburgh-based structures. The shelf has at least two

Melrose Resources was completed different petroleum systems. The in October 2012, with Melrose as Mesozoic system has an oil-rich the successor. The merged company source, likely Early Cretaceous, says that the integration process has which charged Mesozoic and gone smoothly. Last year, Melrose Eocene limestones and sandstones. oedigital.com March 2013 | OE 65 oe_Mediterranean_rev3.indd 65 27/02/2013 12:08