PanAtlantic Announces Large Gas Discovery Offshore Romania
PanAtlantic Petroleum Ltd. announces the drilling conclusion of the Lira-1X exploration well and the discovery of a gas field in the Lira offshore structure, which is located at the Trident block (EX-30) in the Romanian offshore.
Exploration on the EX-30 block is conducted by Operator LUKOIL Overseas Atash BV (100-% subsidiary of PJSC LUKOIL) within the framework of the Concession Agreement with the Government of Romania of 2011. Currently PanAtlantic Petroleum Ltd. owns 18% while LUKOIL’s share in the project is 72%, and Societatea Nationale de Gaze Naturale Romgaz SA owns 10%.
The Lira-1X well is located at a distance of about 170 km from the coast, where the depth of the sea is about 700 meters. The Trident block has an area of 1,006 km2 . The well was drilled to a depth of 2,700 meters (8,858 feet) from the TransOcean Development Driller II. The well has been temporarily abandoned pending further evaluation of the Lira gas discovery.
Preliminary results indicate a minimum of 46 meters pay interval and a minimum 1 TCF of gas reserves.
Operations planned for 2016 include appraisal drilling near the Lira discovery well and the reprocessing of seismic data to confirm the size of the discovery and perform a more precise assessment of potential hydrocarbon reserves.
President and CEO Dr. Robert Erlich states, “This is a very important discovery for PanAtlantic and our partners. Operator LUKOIL has done an outstanding job of drilling the well within financial estimates and without environmental or safety incident. We are pleased to be part of such an exciting new area of gas discovery.”
Please visit our website at www.panatlanticexploration.com for more information.
H. Daniel Hogan, 713-210-8400
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Skrive dig op her og du vil løbende modtage pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Business Wire
TAN-DELTA23.11.2017 14:40 | pressemeddelelse
Tan Delta: New Oil Condition Monitoring Kit for Gas Engine Operators Reduces Daily Operating Costs, Improves Equipment Efficiency and Extends Equipment Life.
INSTITUT-CURIE23.11.2017 14:02 | pressemeddelelse
Making Institut Curie a Reference for Technology Transfer in Oncology
WEALTH-DYNAMIX23.11.2017 09:02 | pressemeddelelse
Wealth Dynamix (WDX) Ranks No.18 in the 2017 Tech Track 100 by the Sunday Times and 19th Fastest Growing Technology Company in the UK in the 2017 Deloitte Technology Fast 50
MOBIDIAG-LTD23.11.2017 08:02 | pressemeddelelse
Mobidiag Signs Agreement with Interlux for the Distribution of Amplidiag® Diagnostic Tests and Instruments in Estonia
OCP-S.A.22.11.2017 18:01 | pressemeddelelse
OCP Announces Date of 2017 Third Quarter and Nine Month Results
TATA-MOTORS22.11.2017 15:48 | pressemeddelelse
Tata Motors Charts Out 'Connecting Aspirations' As Its New Corporate Brand Identity in Global Markets
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum