OMV Petrom and ExxonMobil expand exploration in Black Sea

Newsroom 21/07/2014 | 11:32

The joint venture of Austria’s OMV Petrom and US-based ExxonMobil has announced the drilling of a new exploration well in the Black Sea, close to the area where the two oil majors found a gas deposit in 2012.

The well called Domino-2 us located around 200 km offshore and is drilled from the Ocean Endeavor rig in a water depth of about 800 meters.

“The successful progress of the Neptun Deep Block would encourage positive economic and social benefits through the development of the offshore sector, local infrastructure, employment opportunities and advanced technology application,” said OMV Petrom in a statement.

The two oil companies each hold 50 percent of the deepwater sector of the Neptun Block, where they are currently looking for oil and gas deposits.

Energy experts say that the exploitation of resources off the coast of Romania could start around 2020 and would help Romania become energy sufficient.

Ovidiu Posirca



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