energynomics.ro is proud to support, as a media partner, the 4th edition of Black Sea Oil and Gas Conference on 20– 21 October, in Sofia. Numerous Upsteam industry experts have already confirmed their present, in order to debate the recent evolutions in the Black Sea region – not only that its potential was well confirmed by discoveries in the Black Sea, but now the region is also a corridor which can help the European countries reach the energy security objectives.
Four reasons to include Black Sea region in the business development plans of the Upstream and Midstream companies
Energy Hub for Europe
The actual geo-political reality asks for new, alternative sources of energy and this alternative can be found in the Black Sea, Constantin Gheorghe, Chief HSEQ Officer, Grup Servicii Petroliere
Successful explorations and starting the natural gas production of the offshore new fields would contribute to secure the local demand and, on a greater scale, to consolidate the energetic strategy of Europe, Dumitru Becşenescu, President, ANTARES GROUP
Reduces Reliance on external energy supply
The best way to have energy security is to produce the energy yourself. Europe is a large consumer and has many regions which are net importers. Any indigenous production reduces reliance on external energy supply. The Eastern region of Europe (aside from Romania) is heavily reliant on imports and for gas that means Russia, Mark Beacom, Managing Director, Black Sea Oil and Gas
A potential success of the exploration drilling in the Romanian and Bulgarian sections of the offshore Black Sea could yield a dramatic change to the energy security structure of the region as Romania would likely turn into a major gas exporter, while Bulgaria could diminish the growing Russian influence. Turkey has also increased its offshore exploration activities with the same goal – of diminishing its very expensive energy import bill, Martin Vladimirov, Analyst, Centre for the Study of Democracy
A bridge between three continents with huge potential of reserves
By the accession of Romania and Bulgaria to the EU in 2007, the Black Sea has become a direct neighbour of the European Union. Its geographical position set it as an EU trade area, as well as an unexplored field with a huge potential with impact on the strategic importance for the energy security of the EU, providing considerable natural resources, having as well a strategic position at the junction of Europe, Central Asia and Middle East, Ciprian Alic, Director of EU Funds and international Relations, TRANSGAZ
Opportunities for new exploration ventures in the deep water area
Actual successful results in this exploratory phase encourages new exploration ventures, especially in deep water area. The next appraisal phase will be decisive for knowing the petroleum potential, Eugen Sorescu, Head of Exploration Contracts and Risk Analysis Department, ROMGAZ
These and other important themes will be addressed among the industry experts during the 4th Black Sea Oil and Gas Conference on 20 – 21 October in Sofia.
More information in the Conference Programme.