Europa: Romanian Campaign Underway
Europa Oil & Gas (Holdings) plc said that the Radauti East-1 exploration well, located in the EIII-1 Brodina Concession in northern Romania, spudded Tuesday.
Operated by Aurelian Oil & Gas, the well is anticipated to take 10 days to reach the main target horizon. The well location has been chosen to allow the testing of two additional secondary target horizons. All of these target horizons are of Sarmatian age, similar to the Bilca Field reservoir.
On completion of Radauti East-1, which has a planned total depth of 935 meters, the rig will move to drill Arbore-1, in the south of the EIII-1 Concession.
Paul Barrett, Managing Director, said: "It is very satisfying to be drilling again after a break of over a year spent acquiring seismic and geological data and we are now embarking on an aggressive five-well drilling program in Romania for 2007."
Europa Oil & Gas (Holdings) plc focuses on the production and exploration of
hydrocarbons in Europe and North Africa. Europa currently produces 600 barrels
of oil equivalent per day from its operations in the UK, Romania and the
Ukraine. Operating a balanced portfolio, Europa also has field appraisal and
exploration activity on a number of projects in the UK and Romania and a strong
new ventures program across Europe and the North African region.
- Europa Oil & Gas Completes Shale Petroleum UK Acquisition (Aug 15)
- Europa Relinquishes Part of PEDL 181 (Jul 04)
- Europa Granted 2 Year Extension to PEDL 143 (Jun 27)
Company: Aurelian Oil & Gas plc more info
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