Page 65: of Offshore Engineer Magazine (Mar/Apr 2013)

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production sharing contracts (PSC) Pipelines

MediterraneanMediterranean for blocks 10 and 11. The licenses

Last year, Turkey approved extend over 2572 sq km and construction of the South Stream 2958 sq km respectively, southwest pipeline through its territory, which of Cyprus, in water depths from will bring Russian gas across the 1000-2500m. The company will southern Black Sea and into Europe. begin acquiring 3D seismic over

Construction should be completed in block 11 and 2D seismic over block 2015, with the offshore component 10; each program targets a different costing US$13 billion. The largest play.

stakeholder is Gazprom (50%), Most recently, Israel-based Delek followed by Eni (20%); EDF and

Drilling and Avner Oil Exploration

Wintershall each hold 15% of the signed a PSC with Cyprus for project. Construction of the eastern exploration rights, appraisal, section through Bulgaria’s offshore development, and production in territory is scheduled to begin in June block 12. With the signing, Noble and be completed by 2017. retains 70% interest in the block, The Trans-Adriatic Pipeline (TAP) while Delek and Avner each hold southstreamproject will transport gas from the Caspian 15%. region through Greece and Albania, then across the Adriatic Sea into qualifcation for steel pipe suppliers.

Israel southern Italy where it will connect TAP will require 400,000 tonnes

Toronto-based Adira Energy is into western Europe. The project is of steel pipe to lay about 800km exploring three licenses off Israel aimed at enhancing supply security, of 48in pipeline over a three-year that have signifcant potential: as well as supply diversifcation for construction period. In 2015, TAP

Gabriella (110mmbo), Samuel

European markets by expanding contractors will begin connecting the (66mmbo), and Yitzhak (79mmbo), delivery capacity from 10bcm to Shah Deniz II gas feld off Azerbaijan but is having issues with its 20bcm per year. TAP will open a new to European markets. First gas is partners. Recently, it suspended ‘southern gas corridor’ to Europe expected to fow by the end of 2018.

operations on the Gabriella license and establish a new market outlet for The governments of Albania, due to lack of funds. Adira is

Caspian natural gas. The designers Greece, and Italy recently designated operator of that license also plan to include the ability to demonstrated their commitment with 15% WI. Its partners include physically reverse up to 80% of the to TAP by signing a tri-lateral

Israel’s Modi’in Energy (70%), fow to ensure security of supply intergovernmental agreement (IGA).

Canada’s Brownstone Energy (15%), during any operational interruption. The IGA solidifed the countries’ and Israel’s Tohar Hashemesh

Shareholders include Switzerland- commitments to the development,

Energy (5%).

based Axpo Group (42.5%), Statoil construction, and operation of TAP. The Gabriella license is about (42.5%) and Germany’s E.ON Within the framework of the 10km northwest of Tel Aviv

Ruhrgas (15%). Community Treaties and the Energy and covers 392 sq km in water TAP and E.ON New Build & Community Treaty, the IGA ensures depths from 100-425m. Last year,

Technology (ENT) are engineering the that the states cooperate in the

Netherland, Sewell & Associates onshore segment of the project, and timely delivery and effcient operation estimated up to 110mmbbl of have implemented a two-staged pre- of the pipeline.

unrisked oil on the license.

Egypt

In January, Aberdeen-based Dana

Petroleum received approval from the Egyptian government to further develop the Nefertiti oil feld in the

Gulf of Suez following a successful appraisal well.

Dana, in partnership with Japan- based Inpex, successfully drilled the Nefertiti-2X exploration well at the end of 2012. The well tested at a maximum stabilized fow southstreamproject of 1850b/d using an electrical oedigital.com March 2013 | OEMarch 2013 | OE 6767 oe_Mediterranean_rev3.indd 67 27/02/2013 12:09