explorer introduction 2016

EUROPEAN AND NORTH AFRICAN DATABASE ON COMMERCIAL OIL & GAS LICENSE RIGHTS

AND PERSONAL CONTACT INFORMATION

Q4 2015

What exactly will you get?

Each quarter, you will receive a detailed oil and gas brief (PDF) and comprehensive license information (XLS) and personal contact information. The files are provided in digital and print, on the following dates: Jan 20, Apr 20, Jul 20 and Oct 20.

EXAMPLE

What is the added value?

Inside EXPLORER you will find:

BRIEF

• who is contracting seismic services?

• who is contracting drilling services?

• who is contracting for completions, pumping services?

• who is producing oil and gas, where, in what volumes?

• which service and supply companies are active

• which proppant, sand and chemicals are being used?

WHO’S WHO

• country by country overview of who’s active

• licenses held, wells drilled, results to date

• links to RFPs, tenders, invitations to bid

• detailed license maps by license holder

RAW DATA

• over 2000 license right and personal contact information

• analyze which are the best farm in/farm out opportunities

• perform detailed calculations on acreage valuations

EU-28 DATABASE ON COMMERCIAL LICENSE RIGHTS AND PERSONAL CONTACT INFORMATION | BRIEF P. 5

Brief: Unconventional O&G in EU-28

Overthelasthalfyear,thenumberofEuropeanunconventionaloilandgaswellsdrilledhasincreased,althoughthemarketingeneralissluggish.

ThecurrenthotspotistheUK:alleyesareontheupcomingresultsofthe14thonshorelicensinground,expectedtoboostshalegasexplorationonthebackofestimatedgoodgeologyintheBowlandplay.

ExplorationinPolandison-goingbuthasbeenfadingoflate.Polandhasseenanumberofcompaniesrelinquishtheirlicenses.Inthemoststrik-ingly negative development, the one-time leader in exploration, 3LegsResources,decidedtogiveuponitsBalticconcessionsafterdisappointingresultsfromaproductiontestofoneofthewells.

ExplorationinPolandisnowlargelyontheshouldersofonlyafewcompanies.SanLeonEnergyandConocoPhillipscontinuetosaypubliclythattheywillcontinueoperatingtheirconcessions.OtheractiveoperatorsareBNKPetroleum,whichhasrecentlyannounceditisseekingapartnertoteamupforexplorationinPoland,state-controlledcompaniesPGNiGandOrlenUpstreamandChevron(thoughratherindirectlyviaknow-howanddatasharingagreementwithPGNiG).

Ontheotherhand,Denmarkwillsee its firstshalegaswellbyQ12015,drilledbyTotalE&PDenmarkandstate-ownedDanishNorthSeaFund.

Romaniasawawaveofenvironmentalistsprotests,whichdelayedcompletionofaChevron’sshalewell.Chevron,whichalsohasrightstoex-plorethreelicenceblocksneartheBlackSea,doesnothaveplanstousefrackingunderitsfive-yearexplorationprogramme,meaningtheirexplo-rationprogramhasstalled.

InSpain,theSpanishConstitutionalCourtdeclaredtwoantifrackinglawspassedbytheregionalparliamentsofCantabriaandLaRiojainAprilandJune2013,respectively,asunconstitutional.Atthismoment,thereare70licensesapprovedbySpain’soilandgasministry,57arebeingexaminedforapproval,and23licenseswereissuedforhydrocarbonproduction.Devel-opmentofunconventionaloilandgascouldtakeplaceonsomeofthoseconcessions,althoughSpaindoesnotmakeadifferencebetweenconven-tionalandunconventionalpermitting.

ElsewhereinEurope,shalegasishardlyinfavorwithauthoritiesthathaveadecisivesayingettingexplorationofftheground,astypicallygov-

ernmentsowntherightstomineralresources.

TheNetherlandsandIrelandhavebothputatemporarybanonfrack-ingaheadoffurtherresearch.Germanyhasbeenworkingonstringentrulesregardingfracking.Accordingtotheplannedregulation,ifacompanydecidestofrackthenitmustfollowstrictregulationsandmeetcertainconditionssuchasamandatoryEIA.Frackingprojectsforcoalbedmeth-ane(CBM)orshalegaslessthan3000metersdeeparetobebanneduntil2021.

Bulgaria,France,LuxembourgandtheCantonofFribourginSwitzer-landhaveeffectivemoratoriumsonexploratorydrilling.NorthIrelandre-centlyrejectedanapplicationsubmittedbyTamboranResourcestodrillanexploratorywellduetoenvironmentalconcerns.•

0

100

200

300

400

500

600Others

United Kingdom

Sweden

Spain

Poland

Germany

2014 Q42014 Q32014 Q22014 Q1

0

100

200

300

400

500

600Q4Q3Q2Q1

0

500

1,000

1,500

2,000

2,500

Others

United Kingdom

Sweden

Spain

Poland

Germany

No. of wells

Concessions Wells Concessions Wells Concessions Wells Concessions Wells

LICENSING DOWN, DRILLING UP CONCESSIONS AND WELLS

On top of the unimpressive pace of exploration in Europe to date, there lies a political ques-tion: what direction will the new European Commission (in office since November 1) give the EU in terms of development of its energy mix? The Commission will definitely want to address the issue of some €400bn that the bloc pays each year for energy imports, much of it for gas.

SOURCE: CLEANTECH RESEARCH

EXPLORER INTEL: HOT SPOT UK

Over the last half year, the number of European unconventional oil and gas wells drilled has increased, al-though the market in general is slug-gish. The current hot spot is the UK: all eyes are on the upcoming results of the 14th onshore licensing round, expected to boost shale gas explora-tion on the back of estimated good geology in the Bowland play. Explo-ration in Poland is on-going but has been fading of late.

EU-28 DATABASE ON COMMERCIAL LICENSE RIGHTS AND PERSONAL CONTACT INFORMATION | BRIEF P. 7

71

POLAND

SWEDEN

UNITEDKINGDOM

DENMARK

GERMANY

SPAIN

FRANCE

CZECH REPUBLIC

HUNGARY

ROMANIASLOVENIA

LITHUANIA

CROATIA

SLOVAKIA

LATVIA

BULGARIA

SWITZERLAND

IRELAND

NETHERLANDS

1

19

13

UKRAINE

BELARUS

RUSSIA

RUSSIA

ITALY

AUSTRIA

PORTUGAL

BELGIUM

ESTONIA

FINLAND

LUXEMBURG

BOSNIASERBIA

MACEDONIA

ALBANIA

MONTENEGRO

GREECE TURKEY

NORWAY

EU-28 unconventional O&G activity

Countrieswhereactiveexploration(i.e.drilling)takesplace

LEGEND

Othercountriespotentiallyinter-estedindevelopmentofunconven-tionaloil&gas

Countrieswithmoratoriumsonhydraulicfracturing

Lackofcommercialinterest/nationalinterest

Wells

Of major trends that play a role in the development of unconventional oil and gas in Europe, three could be in favor: EU’s climate policy that could push utilities away from coal toward gas, the crisis in relationships with Russia over its invasion of Ukraine, and the EU’s idea of so-called Energy Union. Falling oil and gas prices, on the other hand, discourage investment in unconventionals that are seen risky by financiers.

Unconventionaloil&gasbasins

EU-28 DATABASE ON COMMERCIAL LICENSE RIGHTS AND PERSONAL CONTACT INFORMATION | WHO’S WHO UK P. 14

Belfast

Birmingham

Bristol

London

LiverpoolManchester

Glasgow

Aberdeen

United Kingdom

EXPLORER INTEL: NEW OPPORTUNITIES?

Numberofconcessions:

188Numberofwellsdrilledtodate:

13Numberofactiveoperators:

6Shalegasreservesestimate:

3,681 bcm Percentageofimportedgasintotalgasconsumption:

65%Current concessions

Areas under 14th licensing round

EXAMPLE

Who uses the data?

The EXPLORER is used by two target groups:

OILFIELD SERVICE AND SUPPLY COMPANIES

Developed for the needs of business development managers and key account managers, the EU EXPLORER provides current contact information to all senior and C-level decision makers, so you don’t waste time looking for the wrong person at the wrong company.

FINANCIAL & INSTITUTIONAL PROFESSIONALS

Are you estimating resources in place? Calculating forward supply curves? Responsible for briefing your institution about onshore oil and gas? EU EXPLORER works for financial and institutional profes-sionals who need timely, key data, detailed maps and information.

EXAMPLE

What does it cost?

The EXPLORER is available as a subscription:

• 1500 EUR per quarter

• Risk free for 30 days

• 2 year contract term

• Customized segmentation, at no added cost

Subscribe today and receive the following modules at no added cost:

Q1 2016 - Midstream gas pipelines overview

Q2 2016 - German turnover refinery market

Q3 2016 - Middle East oil and gas markets

Q4 2016 - LNG trade throughout EMEA

EXAMPLE

www.cleantechpoland.com/explorer

Drilling services

Bulgaria Drilling in the Black Sea offshore Khan Asparukh block for Total,

scheduled for H1 2016

Drilling services

Slovakia Exploration drilling of 3 conventional wells planned by an independent Alpine Oil and Gas

for H1 2016

Geophysical services

Ukraine Comprehensive drilling and development program of state-owned company Nadra

Ukrainy, worth EUR 221 million

Geophysical services

Hungary Seismic services at newly awarded conventional oil and gas concessions for a number of state-

owned and independent operators

3rd Party services

Slovenia Petišovci tight gas field to be taken to production stage by Q3 2016

by Ascent Resources

3rd Party services

Ukraine Development drilling for oil and gas on the Elizavetskoe field and the West Mashivske

prospect by UK-based operator JKX

3rd Party services

Bulgaria Drilling in the offshore Silistar 1-14 block scheduled to begin in February 2016 by Shell

SEGMENT MARKET DESCRIPTION

EUROPE AND NORTH AFRICA COMMERCIAL OIL & GAS OPPORTUNITIES


EquipmentPoland Pipes, casing, drilling rigs for 20 conventional

wells for state-owned PGNiG; public procurement procedures apply

PumpingPoland Hydraulic fracturing in 2016 for Wysin-2H,

Wysin 3H and Lubocino -4H shale wells in northern Poland for state-owned PGNiG

Well abandonment

PolandAbandoning and recultivation of non-

commercial shale gas wells by companies including ConocoPhillips, San Leon, PGNiG,

and Orlen Upstream

Field development

Romania Black Sea O&G, owned by Carlyle Group, to bring offshore gas discovery

to project sanction by 2017

3rd Party services

Romania Upcoming development of six conventional gas wells across nine concessions belonging

to state natural gas producer Romgaz

Environment

United Kingdom

Permitting, planning permissions for operators including INEOS, Cuadrilla, IGas,

Hutton Energy and others

Chemicals

United Kingdom

Unconventional wells to be drilled on acreage operated by INEOS, Cuadrilla, IGas,

Hutton Energy and others




InfrastructureAustria NET4GAS and Gas Connect Austria

to build a gas link between Czech Republic and Austria by 2020

InfrastructureBulgaria

Gas link to connect Bulgaria with Greece and Turkey by 2018-2020. Bulgaria’s BEH working

with Depa/Edison in Greece; with Botas in Turkey.

InfrastructureBulgaria

Bulgarian TSO's Bulgartransgaz's planned expansion of the depleted gas field Chiren

underground gas storage facility by 500 BCM by 2021

InfrastructurePoland Poland-Lithuania gas link to be built by Polish

TSO Gaz-System and Lithuanian peer Amber Grid for EUR 558 million by 2019

InfrastructurePoland Expansion of Świnoujście LNG terminal

by additional 2.5 bcm of annual capacity by Polskie LNG

InfrastructureRomania

A new pipeline to connect to transport natural gas from Romania to the Moldovan

capital Chisinau to be built by 2018 for EUR 83 million

InfrastructureSlovakia Joint gas interconnector project from Polish

and Slovak TSOs to link Poland's grid with its Slovak peer by 2019



EUROPEAN AND NORTH AFRICAN DATABASE OF COMMERCIAL LICENSE RIGHTS AND PERSONAL CONTACT INFORMATION | CONTENTS P. 1

1. What is EXPLORER?EXPLORER is commercial intelligence for the EMEA oil and gas markets.

2. Who uses EXPLORER?Suppliers use EXPLORER to find out who is buying pipes, proppant, tools and fluids. Service providers find new jobs. Bank analysts and fund managers use the data to forecast growth in the oil and gas market.

3. What will I find inside?You will find the personal commercial op-portunities to work with licensed operators exploring and producing oil & gas in Europe, including the Black Sea and North Africa.

4. What’s new this quarter?We’ve sorted commercial opportunities into categories: chemicals, drilling, environment, equipment, geophysical, prop-sand, pumping, services, and well abandonment.

5. What’s coming next quarter?We’ll be adding gas infrastructure and large midstream transmission and storage projects to our dataset.

FAQs

Belfast

Birmingham

Bristol

London

LiverpoolManchester

Glasgow

Aberdeen

FRANCE

IRELAND

40,500 BCM

Unconventional gas reserve estimate (2013)

200 BCM

Total proved reserves (2013)

45%

Import dependency(2014)

44

Unconventional wells drilled

6

Active operators

The UK’s fledgling shale gas industry might have got a boost in late December, after the results of the 14th onshore licensing round were finally announced with a number of new players awarded acreage, while some existing explorers expanding their exploration portfolios. Companies have committed to drill at least 40 wells under the requirements of the 14th licens-ing round. The year 2016 is now expected to be the year in which unconventional gas exploration will get underway for real in the UK, which, in the future, might alleviate problems stemming from declining gas production from the North Sea. London is importing increasing amounts of gas from friendly countries like Norway, but is keen to push for shale gas exploration to tap theoretically enormous unconventional re-sources, estimated at over 40,000 BCM by the British Geological Survey. This is however proving difficult, with hundreds of local protest movements - often with local governments’ support - having managed to cripple exploration. Merely 44 unconventional gas exploration wells have been drilled and permits for new ones are long in the making. The government is working on a law to overcome local authorities’ pow-ers to block exploration.

OVERVIEW

EUROPEAN AND NORTH AFRICAN DATABASE OF COMMERCIAL LICENSE RIGHTS AND PERSONAL CONTACT INFORMATION | WHO’S WHO EUROPE P. 33

Energy mix (2012), %

0

25

50

75

100Gas demand [BCM]

Gas production [BCM]

20142013201220112010

Other

Renewables

Nuclear

Gas

Coal

30,0

30,0

19,0

19,3

1,8

0

25

50

75

100Gas demand [BCM]


20142013201220112010

Other

Renewables

Nuclear

Gas

Coal

30,0

30,0

19,0

19,3

1,8

0

25

50

75

100Gas demand [BCM]


20142013201220112010

Other

Renewables

Nuclear

Gas

Coal

30,0

30,0

19,0

19,3

1,8

Gas production and demandUnited Kingdom

SOURCES: Department of energy and Climate Change, BP Statistical Review of World Energy, British Geological Survey, Cleantech LLC.

Existing Oil & gas concessions

Others

INEOSUpstream

CuadrillaResources

Hutton Energy

Igas

South WesternEnergy

14

th o

nsh

ore

lice

nsi

ng

rou

nd

0

5

10

15

20Gas demand [BCM]


20142013201220112010

36

209

29

6

Other

Renewables

Solid fuels including coal

Natural gas

Oil and petroleum products

0

5

10

15

20Gas demand [BCM]


20142013201220112010

36

209

29

6

Other

Renewables


Natural gas


Turkey

Ankara

Istanbul

Izmir

BULGARIA

GREECE

CYPRUS

ROMANIA

GEORGIA

ARMENIA

IRAN

SYRIA

IRAQ

UKRAINEMOLDOWA

RUSSIA

ISRAEL

LEBANON

EGYPTJORDAN

LIBYA

1800 BCM

Unconventional gas reserve estimate (2013)

5 BCM


99%

Import dependency(2014)

29


6

Active operators

At 99% dependency on gas imports, Turkey is one of the countries looking at ways to increase domestic produc-tion. However, conventional recover-able reserves are estimated at only 5 BCM, with 2014 consumption at over 48 BCM. This has the Turkish govern-ment looking at unconventional gas as a potential source of domestic gas. The strategy might just pay off with an estimated 1,800 BCM of uncon-ventional gas trapped in Turkey’s shale and tight gas plays. While shale gas exploration is only getting under way now, there are 20 tight gas pro-ducing wells in the country, making Turkey one of the very few European countries with actual unconventional production. Still, the full potential of Turkey’s unconventional gas remains to be proven once and if companies such as TransAtlantic Petroleum, Valuera, or state-owned TPAO, drill more successful wells. The TPAO’s joint effort with Shell is especially seen as a litmus test for the future of Turkish exploration.

OVERVIEW



0

20

40

60

80Gas demand [Bcm]

Gas production [Bcm]

20142013201220112010

Renewables

Petroleum

Natural gas

Coal

31,0

32,0

27,0

10,0

0

20

40

60

80Gas demand [Bcm]


20142013201220112010

Renewables

Petroleum

Natural gas

Coal

31,0

32,0

27,0

10,0

0

20

40

60

80Gas demand [Bcm]


20142013201220112010

Renewables

Petroleum

Natural gas

Coal

31,0

32,0

27,0

10,0

0

5

10

15

20Gas demand [BCM]


20142013201220112010

36

209

29

6

Other

Renewables


Natural gas


0

5

10

15

20Gas demand [BCM]


20142013201220112010

36

209

29

6

Other

Renewables


Natural gas


Gas production and demand

Oil & gas concessions

SOURCES: Ministry of Energy and Natural Resources, BP Statistical Review of World Energy, EIA, Cleantech LLC.

4 / 54-59 7

SERVICE DIRECORY COMPANIES

Company Area Description Contact Turnover Employees

GEOLOGICAL SERVICES

Acoustic Geophysical Services (Viking)

CEE Acoustic Geophysical Services provides seismic data acquisition services to exploration companies around the worldTom Jones, VP Business Development,

(+36) 20 258 3875 ,[email protected]/a 50-200

CGG Global CGG is a fully integrated Geoscience company providing geological, geophysical and reservoir capabilities.Hassan Asheg Head of Commercial - Data Manage-

ment Services, (+44) 1737 857500n/a 5001-10000

Core Laboratories GlobalCore Laboratories provides reservoir description, production enhancement, and reservoir management services. Core Laboratories has 70 offices in 50 countries to increase total recovery from existing fields. Core Laboratories helps clients optimize their reservoir performance and maximize

hydrocarbon recovery from their production fields, billing themselves as a "reservoir optimization company."

David Brown, Business Development, UAE, Marius Popa, Geological Manager, (+44) 1224 421000

USD 278.622 million 5000-10000

Geofizyka Kraków GlobalGeofizyka Kraków is a geophysical company that performs and analyzes seismic surveys. Geofizyka Kraków is a geophysical contractor, helping clients

to explore hydrocarbon and geothermal. Services include seismic data acquisition, processing, interpretation, well logging and VSP services. State owned with a 50 year history.

Beata Paprocka, Bids & Contracts Manager, (+48) 12 29 91 499, [email protected]>

USD 39.51 million 1000-5000

Geofizyka Toruń (GT) GlobalGeofizyka Toruń provides geophysical services to the oil and gas exploration industry. The services are focused on conventional oil and gas, shale gas,

geothermal deposits, and underground storage. State owned with a 50 year history, having worked in Asia, the Middle East, North Africa, Europe, and Latin America.

Tomasz Wilk, Head of Commercial and Business Development

(+48) 566 593 168 [email protected] 87.54 million 500-1000

Geokrak Sp z o.o. CEESince 1992, providing geological services associated with deep well exploration. It offers a combined suite of services (surface logging, wellsite geol-

ogy, cutting & gas sampling, and isotope analytics) with their partner firm GeoData GmbH for the Polish market. Servicing the onshore unconventionals market.

Jan Purchla, [email protected], (+48) 126 338 110, [email protected]

n/a n/a

GeoLog GlobalGEOLOG International B.V. ("GEOLOG") is an oilfield services company that does surface logging. GEOLOG’s mud logging services are centered on the

optimization of the overall drilling times and costs of each well and the acquisition of good data to improve formation evaluation. GEOLOG services national and international oil companies, both onshore and offshore, across more than 35 countries.

Raphael Therattil, Business Development Manager (+44) 782 156 9280, geologinternational.com

n/a 200-500

Geomage GlobalGeomage is a global company that provides seismic imaging technologies and services. Using an approach involving multi-focusing, geological model-ing, and reservoir characterization for a diverse range of oil and gas companies. Multifocusing may be the only method able to obtain sufficient data

for geological interpretation in areas characterized by complex geology, high noise or low-fold seismic data.

Nathan Scharff, Chief Executive Officer, (+44) 782 156 9280, [email protected]

n/a 50-200

Kidova Global

Since 1993, KIDOVA specializes in oil & gas, environment (soil, groundwater, air), geothermal and nuclear or hazardous waste disposal sectors: geosta-tistics, spatial and spatiotemporal data analysis and modeling, characterization and upscaling of porous and naturally fractured rock properties, simu-lation of single and multiphase flows in porous and fractured media, mesh or grid generation and optimization. KIDOVA's services cover structural and

geological modeling, research and development, consulting and expert studies.

Michel Garcia (+33) 1 47 09 09 49 [email protected]

n/a 1-10

LMKR GlobalFounded in 1994, LMKR is a petroleum technology company with portfolio that includes reservior-centric interpretation, modeling and analytics soft-ware, mobile technology solutions, E&P data services as well as geoscience and information management consulting - all focused towards lowering the

risk associated with exploration and production of conventional and unconventional resource plays.

Global: Sikandar Khan (+44) 75 8005 7863 [email protected] EMEA:

Parker Snyder (+48) 517 469 881 [email protected]

n/a 200-500

NADRA GroupEastern Europe

NADRA GROUP provides a range of exploration works from regional geological evaluation to the field exploration and development, support of oil and gas, metallic and non-metallic minerals and ground water production throughout the life cycle of the field. NADRA GROUP works with production

companies and governments of EU, Asian and African countries, solutions based on policy adapted for the current conditions and methodologies of complex and systematic study of subsoil.

Dmitriy Polishchuk, Business Development Manager (+380) (44) 426 97 97, [email protected]

n/a 1000-5000

NUTECH GlobalNUTECH, visionary reservoir intellience, is a privately-owned global oilfield services company founded in 1998 by oilfield professionals who pio-

neered Nuclear Magnetic Resonance research and development. Headquartered in Houston, Texas with over 80 employees, NUTECH has offices in the US and internationally. NUTECH has analyzed 45,000 wells in over 80 countries.

Chris Hughes, (+44) 7785 261308, [email protected]

n/a 50-200

Paradigm GlobalParadigm is the largest independent developer of software-enabled solutions to the global oil and gas industry. Paradigm easy-to-use technology

and workflows provide customers with deeper insight into the subsurface by combining leading-edge science, high-performance desktop and cluster computing, and scalable data management, delivering highly accurate results and productivity without compromise.

Gregg Rago, Managing Partner, (+44) 1483 758 000, [email protected]

n/a 500-1000

PVG Resources Services EuropePVG is a service provider in the CBM, tight gas and salt deposit sectors. Among its core competencies are deposit analysis, primarily for gas extraction

drilling and location sensing of caverns, as well as the overseeing and managing of such projects.(+49) 209 38 61 92 10, [email protected] n/a n/a

TESLA Exploration

UK, North/South

America, Africa

Tesla Exploration Ltd., provides a range of onshore and offshore geophysical and geological services to a wide and growing client base across the oil, gas, coal, mineral, water and major civil engineering industries.

Mark Rees, European Operations Director (+44) 1773 838950, [email protected]

n/a 200-500

Appendix 2 - Services Directory

EUROPEAN AND NORTH AFRICAN DATABASE OF COMMERCIAL OIL & GAS LICENSE RIGHTS AND PERSONAL CONTACT INFORMATION | SERVICE DIRECTORY P. 61

Can’t find what you’re looking for?Wojciech Kość, Editor in Chief +48 602 458 099 [email protected]

Piotr Wdowiński, Head Analyst +48 883 307 160 [email protected]

The UK’s unconventional exploration may be about to boom: see pages 4, and 54-59

We have expanded our commercial opportunities section: it starts on page 7

Turkey’s most active market at the moment with 30 rigs: turn to page 50

New Services Directory section has handy data on oil & gas service providers: page 89

50 89

CURRENT SCOPE

• Commercial opportunities in Europe and North Africa

• CBM, tight gas and shale gas in Europe• European conventional gas exploration• North Africa E&P activity• Black Sea offshore exploration

EXAMPLE

Italy

Sardinia(Italy)

Corsica(France)

Sicily(Italy)

FRANCE

SWITZERLAND

AUSTRIA

SLOVENIA

CROATIA

BOSNIA AND HERZEGOWINA

SERBIA

MONTENEGRO

ALBANIA

MACEDONIA

KOSOVO

SLOVAKIA

HUNGARY

ANDORA

ALGERIA TUNISIA MALTA

GREECE

LIECHTENSTEIN

Rome

Bratislava

Paris

none

Unconventional gas reserve estimate

50 BCM


88%

Import dependency

0


39

Active operators

Demand for natural gas in Italy has been at relatively stable levels in the past few years. However, with pro-duction on the decrease, the country is importing as much as 88.5% of its annual consumption needs. Most of exploration and production is lo-cated offshore, where an estimated two thirds of national gas reserves are located. The country’s total reserves has been in decline, coming down from 199 BCM in 2000 to only 50 BCM in 2014. Italy has no uncon-ventional hydrocarbons resources. The country’s current hope to secure gas supplies is with the Italian oil and gas major Eni, which has recently discovered a major gas reserve off the Egyptian coast and is working to get it to production, together with its other discoveries off Israel and Cyprus.

OVERVIEW



0

20

40

60

80Gas demand [Bcm]


20142013201220112010

1

Waste

Renewables

Gas

Crude oil

Coal

13

38 38

10

0

20

40

60

80Gas demand [Bcm]


20142013201220112010

1

Waste

Renewables

Gas

Crude oil

Coal

13

38 38

10

0

20

40

60

80Gas demand [Bcm]


20142013201220112010

1

Waste

Renewables

Gas

Crude oil

Coal

13

38 38

10

0

5

10

15

20Gas demand [BCM]


20142013201220112010

36

209

29

6

Other

Renewables


Natural gas


0

5

10

15

20Gas demand [BCM]


20142013201220112010

36

209

29

6

Other

Renewables


Natural gas


Gas production and demand

Oil & gas concessions

SOURCES: IEA, BP Statistical Review of World Energy, Cleantech LLC.

EXAMPLE

EUROPEAN AND NORTH AFRICAN DATABASE OF COMMERCIAL LICENSE RIGHTS AND PERSONAL CONTACT INFORMATION | COMMERCIAL OPPORTUNITIES P. 7

Country Company Description More information

Algeria PetrocelticThe company plans drilling of 24 wells and wants to build a gas processing plant

with related infrastructure in 2016-2018Geoff Probert, (+213) (0)21 59 17 14, [email protected]

Algeria Sonatrach/Statoil/Shell Possibility of a few horizontal fracs in 2016-2020 Abdelhamid Zerguine, (+213) 2 154 8011, [email protected]

Austria OMV OMV plans to drill around 20 wells in its E&P region of Weinviertel during 2015 and 2016 Rainer Seele, (+43) 1 404 400, [email protected]

Germany Rhein Petroleum Exploration well planned for 2016 Imad Mohsen, (+49) 6221 7786 230, [email protected]

Morocco Circle Oil Drilling campaign to kick off in Q4 of 2016 Lonny Baumgardner, (+353) 61 319366, [email protected]

Poland PGNiG Plans to contract drilling of 10-25 conventional wells, through public tender Jacek Adamiak, (+48) 607 688 708, [email protected]

Poland Orlen Upstream At least 4 wells planned for 2016 Jarosław Zacharski, (+48) 22 778 02 00, [email protected]

The Netherlands Tulip Oil Exploration well planned for 2016 Imad Mohsen, (+31) 70 747 0300, [email protected]

The Netherlands Vermilion Energy Inc Exploration well planned for 2016 John Donovan, (+31) 517 493 333, [email protected]

Turkey Calik Enerji 1-3 exploration wells in 2016 at each of the company's projects (+90) 312 207 70 00, [email protected]

Turkey TPAO/Shell 2-4 horizontal shale gas wells (depending on results of vertical wells) and conventional wells (+90) 0312 207 20 00, [email protected]

United Kingdom ADM 1 conventional well possible under minimum exploratory works program (+44) 1224 574482, [email protected]

United Kingdom Alkane Energy2 CBM wells as of firm commitment and another 4CBM wells possible

under minimum exploratory works programT. Bryan, (+44) (0) 1623 827927, [email protected]

United Kingdom Angus Energy 1 conventional well possible under minimum exploratory works program M. Cartwright, (+1) 954 229 1073, [email protected]

United Kingdom Blackland Park 2 conventional wells possible under minimum exploratory works program B. Peljane, [email protected]

United Kingdom Celtique Energie 2 shale gas wells possible under minimum exploratory works program Simon Barkhman, (+44) 20 7255 6100, [email protected]

United Kingdom IGas 3 shale oil or gas wells and 5 conventional wells Stephen Bowler, (+44) 20 7993 9899, [email protected]

United Kingdom Egdon Resources 1 shale gas well and 2 conventional wells James Elston, (+44) 1256 702 292, [email protected]

United Kingdom Third Energy 2 shale gas wells possible under minimum exploratory works program John Dewar, (+44) 1944 758 746, [email protected]

United Kingdom INEOS Upstream20 shale wells with 12 horizontal fracs possible under minimum exploratory

work program and as of the firm commitmentTom Pickering, (+44) 1324 476623, [email protected]

United Kingdom Cuadrilla Resources 7 shale wells possible under minimum exploratory works program Tom Carruthers, (+44) 1543 266 444, [email protected]

Chemicals Commercial Opportunities

EXAMPLE

BELGIUM

91

POLAND

SWEDEN

UNITEDKINGDOM

DENMARK

GERMANY

SPAIN

MOROCCO

ALGERIA

LIBYA EGYPT

ROMANIASLOVENIA

LITHUANIA

CROATIA

LATVIA

NETHERLANDS

1

37

44

UKRAINE

TURKEY

1 93

29

6LUXEMBOURG

IRELAND

SCOTLAND

FRANCE

PORTUGAL

ITALY

SWITZERLAND

AUSTRIA

SLOVAKIA

CZECH REPUBLIC

HUNGARY

BOSNIASERBIA

MONTENEGRO

MACEDONIA

ALBANIA

GREECE

MOLDOVIA

BULGARIA

BELARUS

RUSSIA

ESTONIA

FINLAND

NORWAY

RUSSIA

2

2

5

TUNISIA

GEORGIA

ARMENIA

AZERBAIJAN

IRAN

SYRIA

IRAQCYPRUS LEBANON

ISRAEL

JORDAN

SAUDI ARABIA

105

UnconventionalExploration in Europe and North Africa

Active exploration

LEGEND

Potential exploration

Moratoriums

No interest

Wells drilled

Unconventional exploration is going well in Turkey, where several tight gas wells are producing. In the UK, it is hoped exploration will start in 2016. However, the next potential hot spot may be Morocco, where some test well achived gas flows at levels for above those achieved in Europe.

Unconventional oil & gas basins

EUROPEAN AND NORTH AFRICAN DATABASE OF COMMERCIAL LICENSE RIGHTS AND PERSONAL CONTACT INFORMATION | ONSHORE GAS IN EUROPE AND NORTH AFRICA P. 17

SOURCE: CLEANTECH LLC

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EUROPEAN AND NORTH AFRICAN DATABASE ON COMMERCIAL OIL & GAS LICENSE RIGHTS

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Q4 2015

explorer introduction 2016

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