Black Sea partners to assess deepwater gas finds

Offshore staff

VIENNA, Austria – ExxonMobil and OMV Petrom have completed their second exploration drilling campaign in the Neptun Deep block in the Romanian sector of the Black Sea.

Seven wells were drilled and completed with the majority encountering gas.

OMV says further interpretation and analysis of the data is needed to assess the full block potential. However, well results to date are sufficiently encouraging to progress more detailed work to determine if a development is viable.

During 4Q 2015, OMV Petrom’s daily oil and gas production fell by 3% compared to 4Q 2014, due in part to the revamp of the Black Sea Lebada field offshore gas compressors.

02/18/2016

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