RSS
Romgaz analyses the exploitation of gas in the Trident area in the Black Sea
Romgaz and its partners in the oil block Trident analyse the possibility of digging new wells after the exploitations made until now have shown there is potential for new discoveries of gas in the area, stated on Friday Vlad Pavlovschi, manager of business development in Romgaz during the conference on energy issues.
He spoke about the Romgaz history in this association, after July 2010 Lukoil Overseas together with the Vanco International company which later became Panatlantic were considered as winners of the exploitation-development licence and the exploitation of hydrocarbure ores in the area EX-29 Est Rapsodia and EX-30 Trident.
On 19 July 2012 Romgaz signed an agreement with Farm-Out with the two companies, which became co-owner of oil agreement with a share of 10% of the rights and duties of the two areas. Later, Romgaz left the oil agreement for the area Est Rapsodia.
‘As regards the area Trident, the programme of works of phase I, three years, compulsory and the phase II, two years, was carried out and at present, there is the next period undergoing with extension of the phase II. This extension was necessary with a view to supplementary works of reprocessing, complex analyses and reinterpretation and integration of the geological data available until now’ the Romgaz official said.
In the Trident area were dug two wells, out of which well Lira 1X revealed a gas discovery of 30 billion cubic metres according to Pavlovschi.
‘The evaluation and integration of the results, such as the calculation of the economic feasibility confirmed there is potential beyond the volume of gas in the domain of Lira. Thus, the members of the association plan the possible drilling of new wells of exploitation and evaluation with a view to opening several prospects, similar to the discovery of Lira and if the results are positive there could be offered several opportunities for exploitation in EX-30 Trident. Similarly, there are attempts to ensure the volumes of resources for next stages, which should make sure the options of development and production’ the Romgaz manager said.
He also said that, in Q1 of 2017 the total production of gas of Romgaz was 2.56 billion cubic metres, plus 16.5% against the same period of last year and with 3.7% higher against the budget. In Q2 the production was higher with 49% against the similar period of 2016.
‘The good performance of this year is due to the increase of demand of gas which allowed the optimisation of the putting to value the gas and a good management of the stocks’ Pavlovschi said.
After a diminution of 24% of the production in 2016 which was a special year with severe conditions on the market, the framework of regulation for the constitution of minimum stocks of gas, the fiscal framework which was unfavourable to the producers, high temperature and relatively big quantities of gas stocked at the end of the winter 2015 – 2016, said the representative Romgaz.