“Petrom told us that there are good prospects,” said Mihai Patarniche, head of Transgaz’s gas dispatching unit.
OMV Petrom (SNP.RO), Romania’s largest oil company, and US giant ExxonMobil last year reported a significant gas discovery at their joint Domino-1 deepwater well in the Neptune block in the Black Sea.
The two companies announced recently that gas output at the well could reach as much as 6.5 billion cubic meters per year, equal to almost half of the country’s annual consumption.
The joint Domino-1 well is the first deepwater exploration well in the Romanian sector of the Black Sea. The well is located in the Neptun Block some 170 kilometers offshore Romania, in water about 1,000 kilometers deep. Drilling started at the end of 2011.
Commercial drilling is slated to kick off toward the end of the decade.