Page 16 - EurOil Week 47 2021

EurOil NEWS IN BRIEF EurOil

the Norwegian Sea to Poland via Denmark, it Turkey to acquire fifth drill capacity well in advance, like in this case, and
said on November 18. we believe in a continued improvement of the
Warsaw plans for the pipe to start flowing ship contract market next year.”
gas from the Norwegian oil and gas licenses, PGS did not share the identity of the client.
operated by the state-controlled company Turkey is to acquire a new drilling ship to The financial details of the deal were not
PGNiG, in late 2022. search for natural gas in the Mediterranean disclosed.
“This day brings us significantly closer and Black Sea, Turkish President Recep Tayyip According to data on its website, PGS has
to achieving the desired secure diversity Erdogan announced on November 17. His so far acquired more than 30 000 sq. km of 4D
of supply sources to Poland in 2022,” Piotr announcement was made despite unresolved data using GeoStreamer technology.
Naimski, Poland’s government proxy for territorial tensions with Greece and Cyprus A time-lapse 3D (i.e. 4D) project
strategic energy infrastructure, said in a over Ankara’s offshore energy exploration. involves repeating 3D seismic surveys over
statement. Turkey presently has a fleet of four drilling a producing reservoir to identify changes
The EU-backed pipeline will deliver 10bn vessels. in the physical state of the reservoir due to
cubic metres (bcm) per year of gas to Poland Warships from Greece and Turkey last production. Such time-lapse surveys are used
at full capacity, helping the country to wean year shadowed each other in the Aegean Sea to optimize the planning of producer and
itself off Russian gas and replace more coal- after Turkish search vessels and drilling ships injector well placements, as well as monitoring
fired power generation with cleaner gas- prospected for hydrocarbons. Their activities the overburden to detect any geomechanical
burning plants. took place in waters where Greece and Cyprus changes associated with compaction effects,
Poland’s long-term supply contract with assert exclusive economic rights. Ankara said PGS’s website info shows.
Russia’s Gazprom expires at the end of 2022. the claimed rights do not respect the rights of
Poland has long said it is not going to renew Turkey and of Turkish Cypriots on the divided
it. The Gazprom contract currently covers island of Cyprus. EU drafts methane rules
roughly two-thirds of Polish gas demand,
estimated at some 16bcm. The EU has drafted legislation to reduce
Other than the Baltic Pipe, Poland is Lundin gets approval for methane emissions by forcing oil and gas
also buying gas via an LNG terminal in companies to report their output and find and
Swinoujscie on top of a few billion cubic Norwegian well fix leaks of the gas that is the second-biggest
metres of domestic production. cause of climate change, according to a draft
Swedish oil and gas company Lundin Energy seen by Reuters on November 22.
has obtained a drilling permit for an offshore Oil and gas operators in the European
Serbia seeks 3 bcm of exploration well in the Norwegian Sea. Union would have to submit estimates for
the methane emissions of their installations
The company will use Odfjell Drilling’s
Russian natural gas a year Deepsea Stavanger semi-submersible drilling within 12 months after the regulation comes
rig to drill the 6306/9-1 wildcat well in the
into force, the draft legislative proposal said.
Serbian President Aleksandar Vucic said production licence 886. Lundin Energy is the The European Commission is due to
that he will ask Russian President Vladimir operator with a 60 percent stake. present the draft in December and it is still
Putin to import 3bn cubic metres (bcm) of The other partners are Spirit Energy subject to change.
gas a year and sign a ten-year agreement, the Norway AS (20 percent) and Petoro AS (20 Once proposed by the Commission, the
Tanjug news agency reported. percent). The well will be drilled around 72 regulation needs to be negotiated by the
“Serbia and Ukraine have the cheapest kilometers east of the Ormen Lange field. European Parliament and member states, a
electricity for citizens in Europe, and the price The production licence 886 was awarded process that can take up to two years.
of gas is also among the cheapest ones. Serbia in February 2017 and is valid until February Two years after the regulation takes effect,
pays $270 per 1,000 cubic metres for it, and 2025. This is the first exploration well to be operators would be required to report actual
today it jumped from USD960 to USD1,100 drilled in the license. According to available measurements of the emissions. They would
per 1,000 cubic metres [for other European info, the name of the prospect is Melstein. also have to carry out regular surveys for the
countries]. Our low prices of electricity and The Norwegian Petroleum Directorate said detection of methane leaks and their repair.
gas attract investors,” Vucic said, adding that the permit was conditional on Lundin Energy Brussels has faced pressure from
the electric power price on the European securing all other permits and consents campaigners and some investors to clamp
market currently stands at €250 per MW/h required by other authorities prior to starting down on methane emissions associated with
while in Serbia it remains at €50. the drilling activity. imported gas, by forcing companies abroad to
He added that additional complications fix methane leaks to sell their gas into Europe
have emerged recently as the German - a requirement that was not included in the
authorities suspended the certification of PGS wins 4D seismic deal draft proposal.
Nord Stream 2, and gas prices jumped to Methane is emitted from sources including
$1,140. Norwegian marine seismic data acquisition leaky fossil fuel infrastructure, livestock
Vucic also pointed out that it was necessary firm PGS has won a 4D survey contract in the farming and landfill sites.
to expand the Banatski Dvor gas storage in North Sea.
Serbia and that, in the meantime, he would The company said Wednesday that a It has a higher heat-trapping potential than
ask the Hungarian prime minister, Viktor Ramform Titan-class vessel was scheduled to CO2 but it breaks down in the atmosphere
Orban, to enable Serbia to pay for the storage start the acquisition in early August of 2022 faster, meaning deep cuts in methane
of gas, because it has an enormous gas storage and complete it in mid-September. emissions by 2030 could have a rapid impact
facility.. President & CEO in PGS, Rune Olav on slowing global warming.
Pedersen said: “We are very pleased to be
awarded this 4D contract in the North Sea.
It is encouraging to see our clients securing

P16 www. NEWSBASE .com Week 47 25•November•2021