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Lithuania Beveiligd PDF
Lithuania Beveiligd PDF
Production Opportunities in
Lithuania
Capital Vilnius
1 11
For ease of
#
For GDP/Capita starting
growth in EU3 # business5
#15
Freest economy
in the world4
* Forecast (European Commission) Source 4: Heritage Foundation, Economic Freedom Index, 2015
Source 1: Statistics Lithuania, 2015 Source 5: W orld Bank Doing Business Report, 2015
Source 1: Statistics Lithuania, 2014
Source 3: Eurostat, 2004-2013
Lithuania
Air:
4 International Airports, access to major European cities
and Moscow within 2-3 hours flight
Sea:
Klaipeda State ice-free Seaport
Source 1: World Economic Forum, Global Competitiveness Report, 2014 Source 4: Girteka Logistics, 2014. Estimates based on two-driver
Source 2: European commission, 2012 shared shift model
Source 3: www.portofklaipeda.lt
Lithuania’s qualities
Business friendly environment – tax free zones
0% tax on dividends*
* Conditions apply
Lithuania’s qualities
Infrastructure – logistics
Salary2, EUR
more than
Lithuania Production 870
3.538
3.529
Technologist
3.449
Supervision Engineer
Project Manager 1,160
1.598
x2.5
1.048
x1 413
LT LV PL DE SE
Unconventional
Tax for conventional hydrocarbons – 1% for first
hydrocarbons – 12% three years (until 2020), after
– 15%
500
450
400
350
300
250 nafta
200
150
100
50
0 metai
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
• 5 companies produce conventional oil from 15 onshore oil fields
• 1990-2014 >4,3Mt of oil are produced;
• 2,4Mt of explored recoverable resources remaining.
• Oil production peaked in 2001 (471 thou. t) and decreased in 2014 to 82 thou.t
5% less than in 2013, when 86,07 thou.t of oil was produced.
Geological Setting
Hydrocarbon System and Potential
Geology of Lithuania The territory of Lithuania is a part of Baltic
Sedimentary Basin, located on the SW
margin of East European Craton
o
64
Lazauskiene et al., 2003
NORTH SEA
EAST
EUROPEAN
o
56 CRATON
Baltic Sedimentary Basin
BALTIC SEA
STUDY AREA
K
D
K
J S
T O Cm Puura et al., 1999 A B
T S
O
P C
Cm
C D
D
S
Pr
Cm
E-W cross-section through the Baltic Basin (A-A) and Lithuania (A-B)
Formation 2
Conventional plays:
• Fractured crystalline basement
• Middle Cambrian sandstones
• Late Ordovician carbonates
• Early Silurian carbonates
• Early Devonian sandstones
Unconventional plays:
• Middle Cambrian shales/siltstones?; Formation 1
Zdanaviciute, Lazauskiene, 2004
• Late Ordovician + Early Silurian Zdanaviciute, Lazauskiene, 2004
black shales;
Conventional hydrocarbon plays in Lithuania
Laskovas et.al, 1996
-1375
-800
Telšiai fault zone
-2035
Legend
-900
Oil Filds: Tectonic fault
Girkaliai Depth of top of Lower Silurian
-1600
(in production) (Llandovery)
Šiūpariai
Raseiniai
Raseiniai
(proved reserves) block
block Licensed block
Lapgiriai
Svedasai-252
Lebork IG-1
Slupsk IG-1
Taurage-11
Geluva-99
Ledai-243
Vidukle-61
Hel IG-1
Nida-1
TTZ
Pr Ld
W
Pr
W
Ln
Ld
Ld
1 – black graptolite shales, 2 – carb. Claystones
Ld W
140
130
160
120
130 160
Zdanaviciute & Lazauskiene, 2009 140
150
• Source rocks show an excellent organic richness – TOC varies from 0.2–3% – 8-11(19%);
• Pyrolisis yields (S2 = 32–76(100) kg HC/ton rock) suggests a good HC generation potential;
• Organic matter is of „oil-producing" sapropel type II of marine origin and mixed “oil-gas
producing” type II/III; it contain large amount of marine amorphous and algal kerogen;
liquid hydrocarbons
generation potential.
Middle Llandovery
„hot shale“
Fjacka+Mossen
shale
Late Ordovician
carbonates
Silute-Taurage block
The block covers ~1800 sq. km. (~ 700 sq. miles) area.
State of Exploration of Silute-Taurage Block
Red, purple, yellow and violet lines - 2D seismic profiles by different methods;
red dot – well and the name
In years 1970-1980:
• 222, 2D seismic profiles of 1610 km length;
• 38 oil prospecting & exploration wells;
• several prospects of conventional oil in Cambrian sandstones and Late Ordovician-
Earliest Llandovery detrital limestones;
• Lauksargiai oil field - 150.4 th. t. of conventional oil in-place; 30 th. t. - recoverable
• Rambynas oil play - 378 th. t. conventional oil in-place; 113 th. t. - recoverable
Hydrocarbon Potential of Silute-Taurage Block
The depth of the occurrence of the top of Ordovician strata in Šilute-Tauragė block and
the distribution of the local structures potentially perspective for accumulations of the
conventional oil in the Cambrian sandstones
Thermal maturity of the Silurian shales
Šilute–Tauragė block for 110 meters (360 ft.) thick Lower Silurian shale section
–generated shale hydrocarbons in place is 8,3 bill. m3
Development of Hydrocarbon sector