Page 16 - EurOil Week 45 2022

EurOil PROJECTS & COMPANIES EurOil

OMV weighs up options for

Norwegian find

AUSTRIA AUSTRIA’S OMV is assessing options for a not encountered.
gas-condensate discovery in the Norwegian The Ness formation is dry, with traces of
Prelimary estimates North Sea after drilling two exploration wells. petroleum.
place the size of the Preliminary estimates place the size of the Appraisal well 30/5-4 A was drilled to ver-
find at 9.44-40.9mn find at 9.44-40.9mn barrels of recoverable oil tical and measured depths of 4,726 and 4,946
barrels of oil equivalent. equivalent. metres subsea respectively. It was terminated
Exploration wells 30/5-4 S and 30/5-4 A were in the Middle Jurassic in the Tarbert formation.
the first to be drilled in production licence 1110, The objective was to test the Tarbert formation.
about 10 km north-west of the Oseberg field and The well encountered a gas-condensate column
150 km north-west of Bergen in 95 metres of of about 90 metres there. A total of 150 metres of
water. the formation was drilled, with sandstone layers
Well 30/5-4 S was drilled to a vertical depth totalling 90 metres with poor reservoir quality.
of 5,003 metres below sea level, finishing in the Gas-water contact was not encountered.
Middle Jurassic in the Ness formation. Its pri- Extensive data acquisition and sampling have
mary target was to prove petroleum in Middle been conducted in the wells, including a suc-
Jurassic reservoir rocks in the Tarbert formation cessful formation test in the Tarbert formation
(the Brent group). The secondary target was to in 30/5-4 A. The average production rate from
prove petroleum in Middle Jurassic reservoir the test was about 60,000 cubic metres per day
rocks in the Ness formation (the Brent group). of gas and 45 cubic metres per day of condensate
The well encountered a gas-condensate col- through a 10/64-inch choke.
umn of about 100 metres in the Tarbert forma- The wells will be permanently plugged.
tion, which has a total thickness of 200 metres, OMV operates production licence 1100 with
and sandstone layers totalling 96 metres, with a 40% interest, while Source Energy, Wintershall
poor reservoir quality. Gas-water contact was Dea and Longboat Energy each have 20%. ™

OMV Petrom reportedly shows

interest in Midia offshore project

ROMANIA OMV Petrom, the biggest oil and gas company this week quoting sources familiar with the
in Romania, is reportedly interested in the Midia procedures.
OMV Petrom is also Natural Gas Development (MGD) project, the The Supreme Council of National Defence
involved in the Neptun only new offshore gas exploitation in the Black (CSAT) would need to clear the deal.
Deep project. Sea that is furthermore reportedly open to stra- Profit.ro speculated that the Romanian
tegic investors, according to Profit.ro. authorities — whose permission is needed
The MGD shallow water project has already for the transfer of MGD from one inves-
reached the production stage (1bn cubic metres tor to another, in part or in full — could be
per year) and it is not far from OMV Petrom’s interested in bringing the project under the
Neptun Deep project. ownership of a local company (OMV Petrom
MGD’s shareholders, the Carlyle investment or Romgaz). Romgaz has already increased
fund (70%) and the European Bank for Recon- its leverage for taking over the 50% stake in
struction and Development (EBRD) are report- the Neptun Deep project from ExxonMobil,
edly preparing a “data room” in an attempt to while OMV Petrom, in contrast, has accu-
bring in strategic investors as partners or buy- mulated a large pile of cash after its record
ers for the project, Profit.ro reported earlier profits this year. ™

P16 www. NEWSBASE .com Week 45 14•November•2022