Europa Completes Bilca-2
A clean-up rate of approximately 1 mmscfpd, achieved through an 8-mm choke is comparable to the flow rates obtained on a similar choke on the Bilca-1 well, which went on to test at 6.3 mmscfpd (1,050 boepd) through a 20-mm choke. The well has now been temporarily shut-in in preparation for commercial field production, which is due to commence in late-August.
The Bilca project lies in the northern part of the Romanian Carpathians, a prolific oil and gas province. Europa and its partners drilled Bilca-2 on the western extension of the Bilca seismic anomaly in early 2005 following the success of Bilca-1, and the well was cased without being tested. Europa’s partners include Falcon Oil & Gas srl (a subsidiary of Aurelian Oil & Gas plc), Romgaz SA, and Millennium IRL (a subsidiary of Ascent Resources plc).
“We are pleased with these initial results for the Bilca-2 well,” said Paul Barrett, Europa’s managing director. “This will ensure we have a full complement of production wells ready to supply the start-up of the Bilca production facilities in a little over a month’s time.”
- How Likely Is an All-Out War in the Middle East Involving the USA?
- Rooftop Solar Now 4th Largest Source of Electricity in Australia
- US Confirms Reimposition of Oil Sanctions against Venezuela
- EU, Industry Players Ink Charter to Meet Solar Energy Targets
- Analyst Says USA Influence on Middle East Seems to be Fading
- Russian Ships to Remain Banned from US Ports
- Brazil Court Reinstates Petrobras Chair to Divided Board
- EIB Lends $425.7 Million for Thuringia's Grid Upgrades
- Var Energi Confirms Oil Discovery in Ringhorne
- Seatrium, Shell Strengthen Floating Production Systems Collaboration
- An Already Bad Situation in the Red Sea Just Got Worse
- What's Next for Oil? Analysts Weigh In After Iran's Attack
- USA Regional Banks Dramatically Step Up Loans to Oil and Gas
- EIA Raises WTI Oil Price Forecasts
- How Likely Is an All-Out War in the Middle East Involving the USA?
- Venezuela Authorities Arrest Two Senior Energy Officials
- Namibia Expects FID on Potential Major Oil Discovery by Yearend
- Oil Markets Were Already Positioned for Iran Attack
- Is The Iran Nuclear Deal Revival Project Dead?
- Petrobras Chairman Suspended
- Oil and Gas Executives Predict WTI Oil Price
- An Already Bad Situation in the Red Sea Just Got Worse
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil and Gas Execs Reveal Where They See Henry Hub Price Heading
- Equinor Makes Discovery in North Sea
- Macquarie Strategists Warn of Large Oil Price Correction
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Standard Chartered Reiterates $94 Brent Call
- Chevron, Hess Confident Embattled Merger Will Close Mid-2024
- Analysts Flag 'Remarkable Feature' of 2024 Oil Price Rally