The Mediterranean is one of the newly emerging places of petroleum exploration. After 2009, there were a series of discoveries in the Eastern Mediterranean, indicating it is an enriched hydrocarbon area. Up to now, 19 basins were found with about total 4.47 billion tons of oil equivalent. And about 12.8 billions tons of oil equivalent resources remain to be discovered. The petroleum and gas resources are primarily distributed in the Eastern Mediterranean, followed by the Central Mediterranean. Most reserves are located in offshore, with water depth less than 300 m, followed by those in deeper water, with water depth more than 500 m. There are many big fields and gigantic fields in this area, mostly located in the Eastern Mediterranean and are not in enhanced production. There is enormous potential for exploration in the Mediterranean with an obvious difference between the Eastern and Western Mediterranean. The main potential is in the Western Mediterranean. And the Central Mediterranean potential area is primarily in new layers. The Eastern Mediterranean potential areas are both in new layers and in deep layers.

oversea exploration  /  petroleum accumulation  /  exploration potential  /  Mediterranean