OMV Petrom, ExxonMobil Announce Hydrocarbon Discovery In Black Sea Well
Romanian dominant oil company OMV Petrom (SNP.RO) and ExxonMobil Exploration and Production Romania have found natural gas in a test drilling at the Domino-1 deepwater well in a joint Black Sea field, the two companies said in a statement Friday.
“This is encouraging, but it is too early in the data evaluation and exploration process to speculate on whether it will prove to be commercial or not,” the statement noted.
The joint Domino-1 well is the first deepwater exploration well in the Romanian sector of the Black Sea. The well is located in the Neptun Block some 170 kilometers offshore Romania, in water about 1,000 kilometers deep. Drilling started at the end of 2011.
ExxonMobil and OMV Petrom have signed an agreement in 2008 to explore deepwater portions of the Neptun Block.
Citește și
2 min
Iulian Tenchiu
34 min
Ștefan Stan
1 min
Iulian Tenchiu