The Quest of Natural Gas Offshore Cyprus

The University of Nicosia Society of Petroleum Engineers (SPE) Student Chapter cordially invites you to the following event:

The Quest of Natural Gas Offshore Cyprus

Abstract

The discovery of the Zohr natural gas field offshore Egypt, in 2015, has renewed interest in natural gas exploration offshore Cyprus. Cyprus’ 3rd licensing round, which attracted vibrant interest, has resulted in the award of blocks 6, 8, and 10 to ENI-Total, ENI and ExxonMobil-QP. Recent exploratory drilling by Total-ENI, in block 11, confirmed the presence of a carbonate gas bearing reservoir raising the prospects of further discoveries peripheral to the Eratosthenes carbonate platform and the Cypriot Exclusive Economic Zone (EEZ). ENI’s intention to shortly drill two deepwater wells in blocks 6 and 3 followed by two wells by ExxonMobil-QP, in block 10, in the second half of 2018 promise to unlock the natural gas potential of Cyprus. Beginning with the discovery of the Aphrodite gas field, we will overview the marine exploration activities. Next we will detail the significance of Total-ENI 0.5 trillion cubic feet (tcf) discovery in block 11 and its implications to forthcoming efforts for more gas resources. Given the existing and possibly future gas discoveries the various monetization options will be analyzed in light of the modest increase in crude oil prices together with the necessary infrastructure. Concluding, we will outline some of the research activities at the Marine & Carbon Lab related to the exploration and production of hydrocarbon resources.

Speaker’s bio:

Constantinos Hadjistassou is Assistant Professor at the University of Nicosia where he coordinates the BSc and MSc programme in Oil, Gas and Energy Engineering. In parallel, he teaches classes pertaining to natural gas monetization, pipeline transport networks, Liquefied Natural Gas (LNG) and oil & gas engineering. As of 2016, Constantinos formed the Marine & Carbon Lab which conducts research related to the marine environment and conventional energy sources. Some research projects currently in progress comprise flow in porous media, natural gas treatment, climate change, petroleum characteristics of carbonate formations and marine debris. Constantinos holds a Master’s from MIT, USA, and a DPhil from the University of Oxford, UK.

The talk will be delivered in English and is open to the public. Please save the date:

Date: Friday, Dec. 8th, 2017

Venue/Time: UNESCO Amphitheater (Main Campus), 16:00-17:00

For more info you may contact the SPE UNic Chapter at: spe@live.unic.ac.cy


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