Lukoil Discovers Deepwater Gas Field in Romania

PJSC Lukoil announced Wednesday that its wholly owned subsidiary LUKOIL Overseas Atash BV has, along with its joint venture partners PanAtlantic Petroleum Ltd and Societatea Nationale de Gaze Naturale Romgaz SA, discovered a deepwater gas field within the Trident block (EX-30) offshore Romania.

The discovery was made following the completion of the Lira 1X exploration well, which was drilled to a depth of 8,858 feet using the GSF Development Driller II (DW semisub). The well has been temporarily abandoned for further evaluation of the gas discovery. According to seismic data the field’s reserves could potentially exceed 1.05 trillion cubic feet of gas. The size of the discovery, and a precise assessment of the potential hydrocarbon reserves available at the site, will be confirmed in 2016, according to Lukoil.

Exploration on the EX-30 block is conducted by LUKOIL Overseas Atash BV and Lukoil’s current share in the project is 72 percent. PanAtlantic Petroleum Ltd owns an 18 percent interest and Societatea Nationale de Gaze Naturale Romgaz SA holds a 10 percent interest.

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