Energean Plc · LSE:ENOG

Energean — Technical Presentation (November 2018)

48 slides from Energean's technical presentation, Nov 1, 2018

  1. Slide 1: Environmental Impact Assessment Study (EIA) for 3D Geophysical Survey in Offshore Montenegro

    1st November 2018 Bar, Montenegro Environmental Impact Assessment Study (EIA) for 3D Geophysical Survey in Offshore Montenegro Blocks nos. 26 and 30

  2. Slide 2: Agenda of the covered topics

    Agenda of the covered topics Subjects discussed within the presentation:  Energean and its HSE performance (slides 4-5)  The Project (slides 7-19)  Potential impacts of the survey (slides 21-30)  What we will do to minimize any effects (slides 32-41)  Prinos example and the 2015 survey (slides

  3. Slide 3: Energean and its HSE performance

    Energean and its HSE performance 3 3

  4. Slide 4: Who we are: Energean at a glance

    Who we are: Energean at a glance An LSE Premium Listed FTSE 250 Company, was also listed on the Tel Aviv Stock Exchange on October 2018 1.5 4 TCF net gas 2P reserves 1.6 US$bn ongoing Countries development in Israel 7.1 TCF net gas 13 prospective E&P licenses resources 1.275 US$bn project finance 73

  5. Slide 5: Prinos: Oil & Gas, Tourism And Environment Coexist

    Prinos: Oil & Gas, Tourism And Environment Coexist Gulf of Kavala: Over 10 Blue Flags Every Energean’s HSE Thasos: Traditional tourist destination in Year for the Last 10 Years Mission the Aegean Transfer 37 years experience of working safely in environmentally sensitive locations in NE Greece to ev

  6. Slide 6: The project

    The project 6 6

  7. Slide 7: Environmental Permitting process in Montenegro

    Environmental Permitting process in Montenegro  In March 2017, Energean Oil & Gas signed BUDVA an exploration and production Concession PETROVAC Contract covering the Montenegro offshore BAR blocks nos. 26 and 30  Energean planned to carry out a 3D ULCINJ geophysical seismic survey during the last

  8. Slide 8: EIA Study experts

    EIA Study experts Wood Plc (Amec Foster Wheeler) Focused supplier of consultancy, engineering and project management services in the world's oil and gas, minerals and metals, clean energy, environment and infrastructure markets. Centre for Architecture and Urbanism (CAU) Operating in spatial plannin

  9. Slide 9: Environmental Impact Assessment (EIA)

    Environmental Impact Assessment (EIA)  Scope of the EIA is to assess the project potential generated impacts on the environment receptors/indicators  The structure of an EIA is composed by:  Project description  Environmental Baseline – Study of the existing conditions  Environmental Impact Ass

  10. Slide 10: Seismic reflection method

    Seismic reflection method  The seismic acquisition involves the transmission of controlled acoustic waves into the earth and recording the energy that is reflected back from the geologic boundaries in the subsurface  Main purpose of the seismic acquisition is to render the most possible accurate r

  11. Slide 11: 3D offshore geophysical survey

    3D offshore geophysical survey Energy source releases the acoustic waves at regular intervals as the vessel moves along the survey lines. Energy source Sensors The signal reflected from beneath the seafloor is detected by numerous sensors contained inside long, neutrally buoyant cables towed behind

  12. Slide 12: 3D offshore geophysical survey

    3D offshore geophysical survey Airguns The airguns are the source of acoustic waves most commonly used for marine geophysical surveys; those devices are submerged below the water surface and towed behind a vessel. Streamers The “oil free” streamers consist of tubes of neoprene floating on the water

  13. Slide 13: Project overview – 3D Offshore Geophysical Survey

    Project oveview – 3D Offshore Geophysical Survey  3D geophysical survey will be performed within the blocks involving an area of 338 km2  Bathymetry: between 50 m bsl up to 100 m bsl  Depth of the source: 6 (8) m  Depth of streamers: up to 10 m  Fleet: one geophysical vessel, one support vessel

  14. Slide 14: Analysis of the environmental components existing conditions (1/4)

    Analysis of the environmental components existing conditions (1/4)  The EIA Study focused on all the environmental components potentially affected by the project:  Demography and population employment;  Seismicity;  Fauna (marine mammals, marine reptiles, avifauna, arthropoda, mollusca, fishes,

  15. Slide 15: Analysis of the environmental components existing conditions (2/4)

    Analysis of the environmental components existing conditions (2/4)  The IUCN Red List of Threatened Species™ provides taxonomic, conservation status and distribution information on plants, fungi and animals  The main purpose of the IUCN Red List is to catalogue and highlight those species that are

  16. Slide 16: Analysis of the environmental components existing conditions (3/4)

    Analysis of the environmental components existing conditions (3/4) Marine Mammals Species level of Species type IUCN class, Conservation status presence Common bottlenose dolphin VU, protected at National and European level Striped dolphin VU, protected at National and European level Regularly prese

  17. Slide 17: Marine mammals and threatened fish sightings

    Analysis of the environmental components existing conditions (3/4) Marine mammals and threatened fish sighthings (2010-2013, UNEP) 12 sightings of Bottlenose dolphins inside the blocks during the Aug-Sept 2018 biodiversity monitoring (Slide n.36) 17 17

  18. Slide 18: Analysis of the environmental components existing conditions (4/4)

    Analysis of the environmental components existing conditions (4/4) Marine Reptiles Species level of presence Species type IUCN class, Conservation status Green turtle EN, protected at National and European level Regularly present Leatherback turtle VU, protected at European level Loggerhead turtle L

  19. Slide 19: Marine reptiles sightings

    Analysis of the environmental components existing conditions (4/4) Marine reptiles sigthings (2010-2013, UNEP) 1 sighting of Loggerhead turtle inside the block n. 30 during the Aug-Sept 2018 biodiversity monitoring (Slide n.36) 19 19

  20. Slide 20: Potential impacts of the survey

    Potential impacts of the survey 20 20

  21. Slide 21: Underwater Noise Model (1/2) - Methodology and assumptions

    Underwater Noise Model (1/2) - Methodology and assumptions  An Underwater Noise propagation Model (UnaCorda) has been implemented by considering two locations (A and B) to simulate the geophysical airgun noise propagation within the survey area and the potential effects induced on marine fauna.  B

  22. Slide 22: Underwater Noise Model (2/2) - Results

    Underwater Noise Model (2/2) - Results The following safety radii have been identified from the towed array in the two modelled locations:  Low-frequency cetaceans (e.g. Fin whale, etc): minimum safety distance of 2.1 km for PTS;  Medium-frequency cetaceans PTS radius for fleeing animals - mammals

  23. Slide 23: Impact assessment analysis (1/6)

    Impact assessment analysis (1/6) IMPERIA Project – European guidelines Improving Environmental Assessment by Adopting Good Practices and Tools of Multi-Criteria Decision Analysis  Results of IMPERIA project are reported in scientific articles and various reports, the project was also presented in s

  24. Slide 24: Impact assessment analysis (2/6)

    Impact assessment analysis (2/6)  The impacts evaluation analysis has been conducted for both the mobilisation/demobilisation phase and the geophysical acquisition phase  The following parameters have been defined for each identified environmental receptor:  Magnitude of the change (intensity and

  25. Slide 25: Impact assessment analysis (3/6)

    Impact assessment analysis (3/6) Mob/Demob phase No particular issues have been detected, in some cases a “Moderate –” level of impact has been outlined, which is mainly due to the High sensitivity of the receptors/indicators 25 25

  26. Slide 26: Impact assessment analysis (4/6)

    Impact assessment analysis (4/6) Mob/Demob Acquisition phase phase For some receptors/indicators a “Moderate - / High - ” level of impact significance has been assessed, which is due to the combination of the receptors/indicators Moderate/High sensitivity and the iduced Moderate/High change magnitud

  27. Slide 27: Impact assessment analysis (5/6) - Fishery and related resources

    Impact assessment analysis (5/6) - Fishery and related resources 27 27

  28. Slide 28: Impact assessment analysis (5/6) - Fishery and related resources

    Impact assessment analysis (5/6) - Fishery and related resources 28 28

  29. Slide 29: Impact assessment analysis (6/6) - Marine mammals and marine reptiles

    Impact assessment analysis (6/6) - Marine mammals and marine reptiles 29 29

  30. Slide 30: Impact assessment analysis (6/6) - Marine mammals and marine reptiles

    Impact assessment analysis (6/6) - Marine mammals and marine reptiles 30 30

  31. Slide 31: What we will do to minimize any effects

    What we will do to minimize any effects 31 31

  32. Slide 32: Mitigation measures (1/7)

    Mitigation measures (1/7)  Mitigation measures are defined with the aim of avoiding/reducing/restore as much as reasonably practicable all the project generated potential negative impacts;  Several preventive and mitigation measures have been suggested, based on the findings of the Underwater Nois

  33. Slide 33: Mitigation measures (2/7) - Marine Species

    Mitigation measures (2/7) - Marine Species The following procedures will be adopted with the aim of mitigating potential effects on marine species:  Least sensitive period (winter season) for marine species to conduct the project operations  Avoid unnecessary strong energy sources  2.1 km Exclusi

  34. Slide 34: Mitigation measures (3/7) - Marine Species

    Mitigation measures (3/7) - Marine Species In addition to MMOs/MWOs and PAM measures, the following measures will be adopted:  Protective and exclusion devices to reduce the risk of turtles becoming trapped in the empty space in the submerged part in front of the tail buoy  Deflection devices to e

  35. Slide 35: Mitigation measures (4/7) - Marine Species

    Mitigation measures (4/7) - Marine Species After the adoption of the adequate mitigation measures:  Marine mammals and reptiles  potential impact reduced to a “Moderate –” level  Marine invertebrates, plankton, fishes and ichthyoplankton  potential effects will remain of a “Moderate –” level giv

  36. Slide 36: Mitigation measures (5/7) - Fisheries

    Mitigation measures (5/7) - Fisheries The following procedures will be adopted with the aim of mitigating potential effects on fisheries:  Advanced notice of geophysical activities to avoid possible conflicts with shipping and fishing operations  Ensure communication with fisheries about activitie

  37. Slide 37: Mitigation measures (6/7) - Fisheries Compensation Approach

    Mitigation measures (6/7) - Fisheries Compensation Approach Determination of compensation (Ctot): CTOT= (Id x RsubArea x DSubArea)  Id = total daily income or revenue deriving from fisheries sale in Montenegro determined as first sale or landing stage price  RSubArea = index of relevance of the fi

  38. Slide 38: Mitigation measures (7/7) - Fisheries

    Mitigation measures (7/7) - Fisheries After the adoption of the adequate mitigation measures the impact induced on fisheries will be reduced as much as possible to a “Moderate -/Low -” level for all the drivers of change. 38 38

  39. Slide 39: Environmental Monitoring Programme (1/3)

    Environmental Monitoring Programme (1/3) An Environmental Monitoring Programme (EMP) has been developed in order to define monitoring and control measures that will be applied during the project execution for the effective and efficient implementation of the adopted mitigation measures.  To make th

  40. Slide 40: Environmental Monitoring Programme (2/3)

    Environmental Monitoring Programme (2/3) Marine environment monitoring activities before and after the project activities The biodiversity monitoring activities goal is to verify and quantify potential effects induced on the marine environment by the seismic survey. The following monitoring activiti

  41. Slide 41: Environmental Monitoring Programme (3/3)

    Environmental Monitoring Programme (3/3) Results of the acoustic and visual monitoring conducted over the period 27th August – 9th September 2018 (Ante operam phase):  12 sightings of cetaceans  the only animals observed (excluding several species of fish) are Bottlenose dolphins and Loggerhead tu

  42. Slide 42: Prinos example and the 2015 survey

    Prinos example and the 2015 survey 42 42

  43. Slide 43: Minutes from the visit of the Montenegrin delegation to Prinos

    Minutes from the visit of the Montenegrin delegation to Prinos  Th. Markopoulos, Vice Head of Eastern Macedonia & Thrace Region: “Congrats to Energean, it operates with no environmental issues”  D. Tsanaka, Mayor of Kavala: “I am a pneumonologist for more than 20 years, never dealt with an inciden

  44. Slide 44: We have so many things in common!

    We have so many things in common! Bar, Old City Adriatica Beach, Ulcin Kavala, Roman Kamares Ammolofi Beach, Kavala 44 44

  45. Slide 45: We have so many things in common!

    We have so many things in common! Ulcin Port Port of Bar Sfagia, Kavala Port of Kavala 45 45

  46. Slide 46: Video clip from the 2015 3D seismic survey in Prinos

    Video clip from the 2015 3D seismic survey in Prinos 46 46

  47. Slide 47: Thank you!

    Thank you! www.energean.com Offices United Kingdom Israel Greece Greece United Kingdom Cyprus Montenegro Egypt 3rd floor Accurist House, 9, Metsada st. 32, Kifissias Ave. 64006 Nea Karvali Cirrus Building 22, Lefkonos st, 1st floor George Washington Blvd. Building 11 44 Baker Street, B.S.R 3 Tower,

  48. Slide 48: www.energean.com

    www.energean.com 48

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