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Friday, December 2, 2022
HomeEconomyNatural gas research: The goals and timelines for a carbon-free future

Natural gas research: The goals and timelines for a carbon-free future

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According to the schedule, it is planned to perform seismic surveys for 1-2 years, perform exploratory drilling for 3-4 years and domestic production and monetization in 6-7 years

Within the next few days, investigations for hydrocarbons will begin in Crete and the Ionian Sea, as announced yesterday by the Prime Minister, Kyriakos Mitsotakis, while Navtex has already been issued for the investigations in the two regions.

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According to the Hellenic Hydrocarbons and Energy Resources Management Company (EDEFEP), there are four drivers of its new mission:

  • The ambitious goals of the country’s energy transition
  • The national goal of net zero carbon emissions by 2050
  • Greece to become a key driver of energy security and a new source of European energy supply
  • The opportunity to develop and monetize domestic energy resources

According to the schedule, it is planned:

  • Performing seismic surveys for 1-2 years
  • Execution of exploratory drilling for 3-4 years
  • Domestic production and monetization in 6-7 years
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Regarding the area west and south-west of Crete: This is the most promising area for the existence of large natural gas fields, but also the least mature, where the immediate acquisition of seismic data is imperative.

The goal is to acquire 11,000 km of 2D seismic data in the winter season of 2022 – 2023.

investigations

For the Ionian area (Area 2), after the withdrawal of Total, and given the existence of a localized target, the consortium decided to replace the acquisition of 2D seismic with the direct acquisition of 3D seismic.

investigations

The consortium is to proceed with the acquisition of 3D seismic data in the winter period 2022 – 2023.

investigations

investigations

See the presentation of EDEFEP

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Michael
Michael
I have worked in the news industry for over 10 years and have been an author at News Bulletin 247 for the past 5 years. I mostly cover technology news and enjoy writing about the latest gadgets and devices. I am also a huge fan of music and enjoy attending live concerts whenever possible.

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