OMV Petrom, ExxonMobil Start Drilling For Black Sea Oil
Romanian dominant oil company OMV Petrom (SNP.RO) and ExxonMobil Exploration and Production Romania, the local unit of US giant ExxonMobil, have started drilling to extract oil from a joint field in the Black Sea, Petrom said in a statement Monday.
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 waters about 1,000 kilometers deep.
Drilling is expected to take approximately 90 days.
“We are very pleased to collaborate with Petrom in this project,” said Ian A. Fischer, Managing Director of ExxonMobil Exploration and Production Romania.
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