News listings
Equatorial Guinea Licence Round

energy-pedia exploration

Romania flagRomania

Europe / Caspian / CIS >>> Romania

Romania: ExxonMobil and Petrom spud Romania’s first deepwater well


11 Jan 2012

Photo - see caption

ExxonMobil Exploration and Production Romania Limited (EEPRL), an affiliate of ExxonMobil, together with Petrom, has started exploration drilling on Domino-1, the first deepwater exploration well in the Romanian sector of the Black Sea.

Photo - see caption
The Neptun Block is located in the Black Sea

The Domino-1 well is located in the Neptun Block, 170 kms offshore in water about 1,000 meters deep and will be drilled using state-of-the-art industry technology. The well is being drilled by the world-class, sixth generation drillship, Deepwater Champion, which recently transited to Romanian waters after completing its drilling program offshore Turkey. Drilling operations are expected to take about 90 days.

'We are very pleased to collaborate with Petrom in this project – a collaboration built upon ExxonMobil’s experience as a leader in deepwater exploration and Petrom’s vast experience in Romania. We highly value the efforts of the Romanian authorities for supporting the progress of the deepwater Black Sea exploration program,' said Ian A. Fischer, Managing Director of EEPRL.

Exploration drilling, especially in such frontier, unexplored areas as the deepwater Black Sea, may or may not result in a discovery. If commercial discoveries are made, the development of the Neptun Block would yield significant positive industrial, social and economic benefits for Romania.

Photo - see caption
Deepwater Champion (Source: Transocean)

'Together with our partner ExxonMobil, we are developing a unique project for Romania. Deepwater exploration carries high investment risks and requires investments of several hundred million U.S. dollars, yet a potential success would fundamentally change the perspective of the Romanian energy sector,' said Johann Pleininger, Petrom’s Executive Board Member responsible for Exploration & Production.

Neptun Block

The Neptun Block covers an area of approx. 9,900 sq km in water depths ranging from 50m to 1,700m. ExxonMobil Exploration and Production Romania and Petrom signed an agreement in November 2008 for ExxonMobil to acquire a 50 percent interest in the deep water portion of the Neptun Block. Since then, the two companies have worked closely together to acquire 3D seismic and evaluate the block’s hydrocarbon exploration potential.

In 2009-2010, Petrom and ExxonMobil acquired more than 3,000 sq kms of 3D seismic data of the Neptun Block, using state of the art technology - the largest seismic program ever undertaken in Romania.

Deepwater Champion

Deepwater Champion was constructed in South Korea and specially designed to facilitate entry into and out of the Black Sea. The vessel is dual derrick capable of a variety of simultaneous operations to improve efficiency. The double-hulled vessel is self-propelled and capable of holding its position in open water with 9 meter (30 feet) waves and 60 knot (70 miles per hour) winds.

Original article link

Source: Petrom





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current deals: 1688
Completed deals: 5158

Company Profiles

Current Company Profiles: 2634

Corporate Activity

Current Corporate Activity articles: 3255

Companies Looking

Current number of articles: 425

Company Sales

Current Company Sales articles:1348

Geostudies

Current Geostudies articles: 633

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

EP Consult Energies
count geophysics
Bayphase
Government of South Australia
RSK Logo 149
Geoespace
energy365
Rose & Assocs 149
Union Jack Oil 149
KL Publishing
SLR Consulting logo
OPC
Lynx Information Systems
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com