Page 17 - EurOil Week 03 2023

EurOil PROJECTS & COMPANIES EurOil

Lukoil delays entering production stage at

its perimeter in Romania’s offshore

RUSSIA THE Russian company Lukoil, the holder of the hydrocarbon perimeters on behalf of the Roma-
concession contract for the Trident gas perim- nian state, has reportedly already approved the
Trident contains an eter in the Romanian part of the Black Sea, has extension of the exploration stage.
estimated 30 bcm of extended the exploration stage of the offshore “The last drilling campaign did not validate
gas. deposits for four years, until 2026. the geological model resulting from the inter-
Trident has estimated reserves of 30bn cubic pretation of the existing geological and geo-
metres (bcm). Romanian state-owned company physical data, nor did the seismic inversion,
Romgaz is a partner in the project, with 12.2%. performed additionally, allow the geological
The perimeter is placed between that of Black model to be calibrated with an adequate degree
Sea Oil and Gas (BSOG), where production of confidence and did not change the initial esti-
has already begun, and that of OMV Petrom/ mates of 30 billion cubic meters,” ANRM told
Romgaz, which is technically ready to approach Economedia.
production but the decision has been delayed on Following the completion of the explora-
administrative grounds. tion works, the holder of the concession con-
The results of the drilling so far, at Lukoil’s tract requested and was approved an evaluation
Trident, are not likely to convince the company programme with a mandatory and an optional
to declare the commerciality of the perimeter, phase through which the drilling works of a new
according to Economedia.ro. well and the elaboration of the development
The National Agency for Mineral Resources study of the commercial deposit with a deadline
(ANRM), which handles the concession of the of completion in 2026. ™

Week 03 20•January•2023 www. NEWSBASE .com P17