Romanian Black Sea Oil & Gas SRL (BSOG) along with its co-venture companions announce the completion of a two properly exploration drilling program within the XV Midia block, offshore Black Sea.
The drilling marketing campaign was initially scheduled to begin in This fall 2017, topic to rig availability. BSOG used the drilling unit “GSP Saturn” for this marketing campaign. GSP Saturn is a four-legged, self-elevating jack-up, with a observe document in world-wide operations. It was beforehand situated in Rotterdam, the Netherlands.
The first properly on the drilling program, Iulia-1, situated in 73m water depth and 115km offshore, was spudded on eight May 2018 and was drilled as much as 2110m (Pontian formation). The second properly, Paula-1, situated in 88m water depth and 147km offshore, was spudded on 17 June 2018 and was drilled as much as 1036m (Dacian formation). The Iulia-1 properly didn’t encounter any (gasoline bearing) reservoir within the Upper Pontian, and the online pay and quantity of dry gasoline found at Paula-1 didn’t show commercially viable for testing. Paula-1’s outcomes verify the potential of the Dacian play which is already related to Ana and Doina discoveries.
Mark Beacom, BSOG Chief Executive Officer, commented: “This offshore drilling marketing campaign demonstrates the dangers which are inherent in looking for gasoline sources offshore within the Black Sea the place the possibility of success is not any higher than 25%. Successful efforts on this drilling marketing campaign would haven’t solely added gasoline sources to the nation, thereby rising its safety of provide, but additionally made use of the infrastructure that’s being proposed for the Midia Gas Development Project. Although the marketing campaign didn’t ship the anticipated gasoline discoveries, from an operational and HSE perspective, the wells have been profitable.” (Source: Black Sea OIl & Gas)

The publish BLACK SEA OIL & GAS COMPLETES TWO EXPLORATION WELLS IN THE BLACK SEA appeared first on Energy Global News.

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