“We drilled 20 exploration wells last year, and this year we intend to drill 40. There is a new deposit discovery potential that must not be overlooked, but any estimate at the moment would be speculation, because of the phases of the exploration process that have to be completed in order to assess the gas production potential,” Romgaz officials said.
They did not say how high the investment in the 40 exploration wells might be.
“It depends on the depth, on the location (on or offshore), the geological structure of the site. All these variables do not allow us to calculate a relevant average,” the company officials added.
(English version by Loredana Fratila-Cristescu)