The discovery is located in the north eastern part of the Moesian Platform in Caragele structure. The 35 km long Caragele structure has been explored for production units located at depths between 1500 and 5000m, as part of the company’s major exploration projects, Romgaz said in a statement on Thursday.
The production tests completed at two exploration wells, Damianca 55 and 77 Rosetti, confirm an important hydrocarbon accumulation in Jurassic calcareous reservoirs on a 120m interval at a depth of over 4000.
“The productivity of the entire structural unit increases considerably following these results and provides the perspective for new significant discoveries in the next period. Exploration works will be carried out in accordance with the set schedule and include development plans to stream into production the new wells,” said Dumitru Rotar, Romgaz Deputy Director General – Exploration and Production.