DRILLING
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Petrom: Our Biggest Wells Are In The Black Sea
The biggest of the 9,000 wells that OMV Petrom (SNP.RO) drills in 240 commercial oil and gas fields can be found in the Black Sea, an area that already generates 20% of the company’s hydroca...
OMV To Start New Drilling In Romanian Black Sea In 2013
Austrian oil and gas group OMV next year will start drilling for more hydrocarbon resources at an offshore perimeter in the Romanian Black Sea, an official of the company said Wednesday.
Rompetrol To Drill Well In Foscani Block
Romania's second largest oil group Rompetrol will start drilling a well in the southeastern region of Foscani, in a geological prospecting investment of $27.5 million ($10 million in 2012 an...
Chevron Romania: Banning Shale Gas Drilling Means Having A Better Alternative
US oil group Chevron is allowed for a 30-year period to explore, develop and drill for shale gas on three Black Sea blocks, according to the agreements sealed between the Romanian state and...
Grup Servicii Petroliere Inks Deal To Drill In North Sea
Romanian Grup Servicii Petroliere (GSP) signed two contracts with Dutch Wintershall Noordzee, for drilling in the North Sea and a pipelay deal, the company said Friday in a news release.
Rompetrol To Resume Oil Drilling In Libya In 1Q 2012
Oil group Rompetrol on Monday announced it plans to resume oil drilling in Libya in the first quarter of 2012, since the political situation seems to have stabilized.
Rompetrol Drills 2 Wells In Satu Mare Block
Romania’s second largest oil group Rompetrol is drilling two exploratory wells in the northwestern region of Satu Mare, in a total investment estimated at over $5 million, the company said i...
Battle Starts Over Romania’s Resources
ExxonMobil hopes that along with Petrom, Romania’s largest company, it will join the exclusive club of prospectors of the sea depths, through their operations in the Neptun block in the Blac...
Black Gold Rush On Black Sea
The success rate for deep hydrocarbon exploration is 10%-20%; the rest is risk in the billions of euros. This year, two international giants and Romania's largest oil and gas producer OMV Pe...