Oracle Reports Nadlac Permit Approval

Oracle Energy Corp. has been notified by project operator Carpathian Energy that the National Gas Regulation Authority of Romania issued final approval of the permit to produce gas and other hydrocarbons from the No. 3 Well at Nadlac Field in western Romania.

The No. 3 Well was successfully recompleted, tested and ready for production in January, 2006. Since then, various government agencies required numerous documents and reports to be filed before approval could be granted to put the well on production. All required permits have now been approved.

The gas purchaser, Distri-Gaz Vest, is inspecting and testing all flowlines, valves, lines, meters, tanks and other surface equipment in preparation of the final hookup. The well will then be put on production into the main gas transmission line.

Oracle holds a 20% interest in the Nadlac field and five other oil and gas concessions in Romania.

Oracle Energy Corp. is a Canadian based international oil and gas company with interests in Italy, Romania, Peru and Texas, USA.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Technical Services Manager - Production Chemicals
Expertise: Chemist|Production Engineering|Stimulation
Location: Midland, TX
Intelligence & Risk Assessment Analyst
Expertise: Legal|Risk Management
Location: San Ramon, CA
Substation Compliance (PRC) Analyst Job
Expertise: Business Analyst|Regulatory Compliance
Location: Denver, CO
search for more jobs

Brent Crude Oil : $48.6/BBL 1.12%
Light Crude Oil : $46.34/BBL 1.24%
Natural Gas : $2.9/MMBtu 2.35%
Updated in last 24 hours