Petroceltic to pursue gas offshore Romania

Petroceltic has started preparation for a multi-well exploration campaign in the Romanian sector of the Black Sea.

Offshore staff

DUBLIN, IrelandPetroceltic has started preparation for a multi-well exploration campaign in the Romanian sector of the Black Sea.

The company gained operatorship of Est Cobalcescu (block EX-28) and Muridava (block EX-27) following its acquisition of Melrose Resources. Est Cobalcescu contains the Cobalcescu South prospect.

Petroceltic has acquired and processed 1,930 sq km (745 sq mi) of 3D seismic. Structural, stratigraphic, and attribute interpretation of the dataset has revealed mainly biogenic gas prospects, with some potential oil structures.

The company has contracted thejackupGSP Prometeu to drill a well on Cobalcescu South in the southwest portion of block EX-28 in a water depth of 90 m (295 ft). Planned TD is around 3,100 m (10,170 ft).

The well will have an “S” shaped drilling trajectory to facilitate penetration of two primary reservoir targets in the Upper Pontian and Lower Pontian sandstone sections within the Miocene. There could be further upside in various secondary Miocene targets.

Petroceltic’s assesses the structures P50 prospective resource and geological chance of success (Pg) for the primary reservoir targets as follows:

Zone
P50 Gross Prospective ResourcePg
Miocene (Upper Pontian Channel)262 bcf23%
Miocene (Lower Pontian Structure)142 bcf36%
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