Continental Europe

Continental Europe is a mature exploration area, offering stable market conditions and high demand for commodity. It attracts a variety of operators - from supermajors to niche players - seeking opportunities ranging from EOR/IOR projects to frontier basins.

The overall conditions in the market during 2016 were dictated by low commodity prices, often adversely affecting the level of E&P activity in the countries of the region. Nevertheless, several bid rounds were announced both onshore and offshore and the operators continued their activities, albeit at a moderated scale.

Offshore, continued operational activities targeted the Western Black Sea (Bulgaria, Romania), the Adriatic and the Eastern Mediterranean (Cyprus, following the Zohr discovery) where high-risk/high-reward prospects are being pursued. Seismic and drilling operations have been carried out offshore Bulgaria, Greece, Italy, Malta and Romania, while licensing activity has taken place in Croatia, Italy and Greece. More activity is expected in the near future with the outcome of the bidding rounds in Bulgaria, Cyprus, Greece, Montenegro, Romania and possibly in Italy, and a new offshore tender scheduled in Portugal (2018).

Onshore, important exploration projects include the appraisal of the Shpiragu discovery (Albania, ongoing since June). In Hungary, early in the year, the government signed the hydrocarbon contracts with the winners of last year’s licensing round - an increase in seismic/drilling activity resulting from the awards is expected - and at the end of September completed the 2016 bid round (results reported in November). In mid-2016, the Polish government announced a new bidding round, with eight blocks put up for tender so far, and also of importance is the scheduled tender call in Croatia (expected to launch in early 2017) and the anticipation of governmental clearance for several large projects in Italy.

Elsewhere in Continental Europe, in Germany, Hungary, Poland and Romania, new seismic and drilling campaigns were undertaken in 2016 to further develop mature onshore basins. Important exploration projects relate to re-definition of the petroleum provinces in Germany (Northwest German Basin, Upper Rhine Graben), establishment of a “new” petroleum province in Poland (Pomeranian Trough) and the exploration of deep sub-thrust/intra-thrust targets within the Alpine-Carpathian mountain belt (Austria, Poland, Romania).

Field activities in Continental Europe related to unconventional resources continued solely in Poland. Fracture tests in the wells were conducted, but commercial flow rates have yet to be pronounced.

Continental Europe
Regional Highlights

Continental Europe Editorial Achievements – 2016

During 2016, the Continental Europe (CE) team – nine professionals with extensive regional expertise and 10 languages spoken (another eight understood) has sourced and validated hard to acquire and often conflicting E&P-related data from the region’s petroleum provinces, some of them with a history of production dating back to the mid-19th century (e.g. Carpathian mountain belt). The team continued to focus on conventional activities onshore and offshore, and followed all activities regarding unconventional resources.

As personal contacts within the industry are of utmost importance, colleagues in the team are regularly engaging in “scouting trips” to meet operators and licensing authorities and we also attend relevant conferences. We maintain a network of local correspondents and comprehensively communicate with companies to secure top quality and up to date information/data for the region.

In May and October 2016, two consecutive meetings of the Central Eastern Europe & Caspian (CEEC) Scout Group, a successful regional event held for 23 years were organized in Athens (Greece) and Balatonfüred (Hungary). With 176 and 164 attendees representing over 40 member companies and a few dozen companies/institutions present as guests, the meetings were both great successes, especially at the time of the downturn in the oil industry.

Distribution and Evolution of Reserves in the Pannonian Basin

Data Enhancements - 2016

  • Continental Europe – 8 Giant (2P EUR >=500MMboe) Field Reviews including a full revision of remarks, reserves, development, production volumes and IOR/EOR techniques completed
  • Continental Europe – Updated 84 wells with missing coordinates
  • Continental Europe – Updated area for 289 blocks with difference between official and GIS calculation
  • Continental Europe – Created 35 planned surveys
  • Croatia – Updated 44 wells with 16 dates, 11 coordinates, 39 ground level/water depths and entered 40 bottom hole formations, 38 stratigraphy, 654 sampling, 41 casings and 84 tests
  • Germany – Updated area/shape of exploration contract containing production enclave. As a result, 28 contracts were corrected, 47 blocks updated, 285 contract stages updated, 120 enclaves/blocks deleted
  • Germany – Updated 113 contracts in Nordrhein-Westfalen political province withy attributes including award, expiry, renewal dates, events and area changes
  • Germany – Updated EP contract stage and block for 147 Ridderade and 115 Scholen wells
  • Poland – Complete review of the 146 exploration contracts
  • Poland – Updated 71 wells with test data

For information relating to data improvements in 2015, download our Continental Europe Data Enhancements 2015 Summary

Regional Team
Rebecca Vyse

Rebecca Vyse

Regional Director

Rebecca Vyse is the Regional Director for the Europe team. Rebecca started her career in the petroleum industry almost 26 years ago and has more than 20 years of experience in the region. She is based in our Tetbury office and can be contacted via email.

Data Contents