GOVERNEMENT OF MONTENEGRO Ministry for economic development OIL AND GAS IN MONTENEGRO MSc.Vladan Sc.Vladan Dubljević Dubljević geophysicist. geophysicist. Geological Survey of Montenegro vladan@ [email protected] GOVERNEMENT OF MONTENEGRO Ministry for economic development Oil and gas in Montenegro OIL AND GAS EXPLORATIONS IN MONTENEGRO Brief review of contemporary research Regional geological conditions and perspective Legislation Further activities GAS SECTOR IAP (Ionian-Adriatic gas pipeline) LNG terminal Gasification project in Montenegro GOVERNEMENT OF MONTENEGRO Ministry for economic development Oil and gas in Montenegro OIL AND GAS EXPLORATIONS IN MONTENEGRO Exploration Onshore Montenegro (till now) Between 1949 and 1966, 16 wells (900 – 4600 m) Geomagnetic and gravimetric maps 2000 km 2D seismic survay UK -1 well at the depth of 5309 m. GOVERNEMENT OF MONTENEGRO Ministry for economic development Oil and gas in Montenegro Exploration offshore Montenegro Blok 1 i 2 (JPK). Over 5000 km 2D reflective seismic profiles Two deep ekploaration wells: JJ-1 4700 m (well sginficant quantities of natural gas JJ-3 4600 m (mobil oil, 167 bbls during a test Blok 3 (available) ...... GOVERNEMENT OF MONTENEGRO Ministry for economic development Oil and gas in Montenegro ISTRAŽIVANJE NAFTE I GASA U CRNOJ GORI Regionalni geološki uslovi i perspektivnost The existence of basic preconditions for oil and gas in the Adriatic geological basen has been proven (Production in Italian, Albanian and Croatian parts of basin confirm this!) Blok3 Schematic Cross-Section SW Italy NE Adriatic Sea Montenegro Dinarides Apennines Apulian Platform ULCINJ BLOCK 5 2 6 1 4 3 7 Italy Production 6 Monti Alpi Giant Oil Field 7 Aquila Field Legend Plio-Pleistocene Miocene Molasse Montenegro Play Types Oligocene Flysch 1 Carbonate Shelf Edge Play Mesozoic Carbonates 2 Carbonate Structural Traps Triassic 3 Triassic Clastic Structural Traps Oil Fields / Prospects 4 OligoceneTurbidite Stratigraphic Traps Gas Leads 5 Plio-Pleistocene Delta Toe Set Stratigraphic Traps-Biogenic Gas Charge Platform Facies Basina l Facies Well and Seismic Database Star Trade GeoQube ‘3D’ 1500 km 138 Sq km Onshore Wells 8 wells on licence UK-1 1991 TD 5200m Well JJ-3 Chevron 1982 TD 4605m Well JJ-2 Chevron 1979/80 TD 3700m Well JJ-1 Buttes 1975/6 TD 4750m Well JJU-1 Medusa Reprocessing Offshore 1979 430 km Offshore 1986 1791 km Offshore 1988 683 km Onshore Various 210 km Medusa Acq 2000 775 km Total Seismic Coverage 6500 km of 2D Data INA Nafta 1988 TD 4068m OMV Trade Albania 1088 km Well Rodoni-1 OMV 1996 TD 4957m Petroleum Systems R Reservoir R R R R R Cretaceous - Mid Eocene shelf edge & platform carbonates Oligocene, Lower Pliocene turbidites, Miocene Sands Pleistocene shallow marine sands Middle Triassic sandstones Source Triassic shales primary oil source oil mature at around 5000m depth in Adriatic & Albania Mid Eocene -Upper Cretaceous shales & marls - oil & gas prone Upper Eocene - Miocene shales - mainly gas prone Lower Pliocene shales - biogenic gas source Traps hangingwall thrust ramp anticlines (Mesozoic reservoirs) footwall anticline & fault cutoff traps structural/stratigraphic pinchout traps (Tertiary turbidites) Carbonate shelf margin reefal/topographic buildups Plays S S Pleistocene & Pliocene sands charged with biogenic gas Oligocene turbidites charged with thermogenic gas Platform & shelf margin carbonates charged with Triassic oil Triassic sandstones charged with Triassic oil Ministry for Economic Development LAW ON EXPLORATION AND PRODUCTION OF OIL AND GAS KEY ELEMENTS Ownership of resource Maximum duration set for carrying out of specific activities Concession Contract has been designed as a priority type in comparison to other models of contract Maximum size set for blocks and exploitation field Mechanism for territory relinquishment defined Instrument of Concession Compensation and Compensation for Exploited Oil and Gas introduced Ministry for Economic Development LAW ON EXPLORATION AND PRODUCTION OF OIL AND GAS AREAS YET TO BE REGULATED by LAWS Royality Law Gas Law (Storage, transport, tarifs...) SECONDARY REGULATIONS Content of documentation prescribed by the Law, Detailed provisions for territory relinquishment, Specificities of oil and gas exploitation. Ministry for Economic Development LAW ON PEXPLORATION AND PRODUCTION OF OIL AND GAS SOME OF THE ISSUES REGULATED IN DETAILS BY OTHER LAWS: 1. 2. 3. 4. 5. Procedure for the award of the Concession LAW ON CONCESSION Geological explorations LAW ON GEOLOGICAL EXPLORATIONS Exploitation of oil and gas LAW ON MINING Environmental Protection LAW ON ENVIRONMENTAL PROTECTION LAW ON ENVIRONMENTAL IMPACT ASSESSMENT Finances LAW ON FOREIGN INVESTMENTS LAW ON CORPORATE PROFIT TAX LAW ON VALUE ADDED TAX GOVERNEMENT OF MONTENEGRO Ministry for economic development Oil and gas in Montenegro Sumary of previous exploarations and results on Blok 3 More then 6000 km of 2D reflective seismic prfilies have been made, processed and interpreted 311 km2 of 3D seismic survays have been completed on the perspective Pliocene objects Two deep exploration wells have been drilled: JJ-2 (3700 m) oil was registered; JJU-1 contained oil traces Pliocene prospects were identified at the depth 700 m to 1300 m, GIP potencial of 721 Bcf. AVO seisimic analyses estimate that the gas exploration risk is low. GOVERNEMENT OF MONTENEGRO Ministry for economic development Oil and gas in Montenegro OIL AND GAS EXPLORATIONS IN MONTENEGRO Further activities (legislation, model of contract, tender...) Royality low – will be completed within two monts Model of contract – will be completed within four monts Tender for Bloc 3 (feb-mart 2009) GOVERNEMENT OF MONTENEGRO Ministry for economic development Oil and gas in Montenegro GAS SEKTOR IAP(Ionian Adraitic Pipeline) Croatia Italy IAP 10 BCM/a Montenegro Albania TAP 20 BCM/a Greece GOVERNEMENT OF MONTENEGRO Ministry for economic development Oil and gas in Montenegro GAS SEKTOR TAP(Trans Adriatic Pipiline) GOVERNEMENT OF MONTENEGRO Ministry for economic development Oil and gas in Montenegro GAS SEKTOR Energy Community Ring Concept GOVERNEMENT OF MONTENEGRO Ministry for economic development Oil and gas in Montenegro GAS SEKTOR LNG terminal in Bar Detailed Project economic feasibility studies have to be prepered Project of gas system for town of Podgorica with the distribution network GOVERNEMENT OF MONTENEGRO Ministry for economic development MSc.Vladan Sc.Vladan Dubljević Dubljević geophysicist. geophysicist. Geological Survey of Montenegro vladan@ [email protected]
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