“If you think about where the unexplored areas in Europe are, you have the Black Sea and the Arctic. The Black Sea is obviously far more accessible.” (Iain Pyle, analyst at Sanford C. Bernstein & Co., London).
Over the years, the role of the Black Sea has changed: not only have new discoveries confirmed impressive quantities of gas, but the region is now seen as an energy hub for Europe. All new and existing projects have generated an essential need for technology and oil and gas equipment, which puts the Black Sea on the global agenda for business development plans of upstream and midstream companies.
As of today, the Black Sea is almost untouched by the oil industry, with fewer than 100 wells drilled, compared with more than 7,000 in the North Sea. Improving drilling technologies and increased regional energy demand is drawing explorers to its challenging waters deeper than 1,000 feet (300 meters).
Challenging deeper waters require a thorough knowledge of metocean conditions including ocean current vertical variability. Metocean Analytics includes valuable wind, wave and 3D ocean current hindcast data covering the Black Sea which can be analyzed in just a few minutes.
If you plan on exploring the Black Sea, you need to start with Metocean Analytics to find out about the conditions at any offshore location within that sea.