The well was drilled to a depth of approximately 2,150m below the seabed with production potential of 1,500bpd-2,000bpd with an approximate cost of about €19m.
The reservoir in the shallow-water Istria XVIII offshore perimeter was identified by OMV’s Marina 1 exploration.
OMV plans to begin production from the new reservoir over the next three to four years, if discovery is proved to be commercially viable, and may require investment of more than €100m.
OMV Petrom executive board member responsible for exploration and production Gabriel Selischi said, "The Black Sea is an important area for OMV Petrom, which continues to have potential for new discoveries."
"Currently, production from shallow waters accounts for 18% of the company’s hydrocarbons production in Romania. OMV is currently looking for hydrocarbon resources in various perimeters in the Black Sea."
OMV is currently looking for hydrocarbon resources in various perimeters in the Black Sea.
Image: The Marina 1 exploration well was drilled to a depth of approximately 2,150m below the seabed. Photo: courtesy of OMV Petrom.
