OMV Finds New Oil Reservoir at Romanian Black Sea Offshore Well
- Tweet
Send to Kindle
Austrian OMV announced that it had found a new oil reservoir in Romania's Black Sea shallow-water Istria XVIII offshore perimeter.
The reservoir identified at exploration well Marina 1 was reported to have a production potential of 1,500 to 2,000 barrels of oil equivalent per day (boe/d), according to reports of OMV Petrom, as cited by money.bg.
OMV Petrom made clear it was to evaluate the results of the Marina 1 well and assess its commercial viability in the next few months, with production expected to start in 3-4 years in the case of a positive evaluation.
The oil company informed that starting oil production at the site would require an investment of over EUR 100 M.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » Austria and the Netherlands are "United in Opposition to Schengen Expansion"
- » 2023 Bosnia and Hercegovina: Putinians to Establish Institutional Control of the Country
- » Ursula von der Leyen: Strengthening the Bulgarian-Turkish Border is a Priority
- » Hungary to Veto EU Nuclear Sanctions against Russia
- » Day 338 of the Invasion of Ukraine: Nuclear Regulator reported Strong Explosions near the Zaporizhzhia NPP (UPDATED)
- » EU Commissioner Rejected the Idea of Financing a Fence along the Bulgarian-Turkish Border
