EnglishPetrom, the largest oil and gas producer in South Eastern Europe, has announced that in the course of this year several discoveries of new reservoirs have been made: "Delta 4" (oil), "Mamu 4320" (gas and condensate), "900 Ochiuri" (oil), "Abramut" (oil and gas) and "7 W Predesti" (gas). The most important of them, Delta 4, is the first successful offshore exploration since eight years.
Based on the results of the 3D seismic offshore campaign carried on in 2005, the well Delta 4 was drilled in the exploration block Histria XVIII, located in the Black Sea. Tests confirmed a daily flow rate of up to 357 tons of oil and 35,000 cubic meters of gas, in total approximately 2,800 boe/d. The further appraisal and development of the discovery are under review. This significant discovery should come on stream in 2009 and contribute to achieving the company"s production target of 210,000 boe/d in Romania by 2010.
Delta 4 is the second large discovery of oil and gas, after the Torcesti success reported in May 2007. Torcesti is a gas and condensate discovery. Based on performed tests a daily production of around 900 boe could be confirmed. Production at Torceşti is estimated to start in October, two months earlier than planned. In addition, in Torceşti a further appraisal well will be spudded stil in 2007 which could further increase the production from this field.
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