Mol is looking for oil in Western Romania

Newsroom 27/01/2014 | 16:25

Panfora Oil & Gas, the MOL Group branch in charge of exploration and production activities in Romania, contracted Prospectiuni SA to run surface measuring operation in western Romania, specifically in the EX-6 Curtici perimeter, in order to locate conventional hydrocarbon resources, according to a press release from the company.

“We are ready to commence surface exploration in the EX-6 Curtici perimeter with our partner, Prospectiuni, a Romanian company with a 65-year tradition and solid experience. We are concentrating primarily on conventional resources, namely oil and natural gases in conventional rock formation. In this stage of the exploration phase, we will collect that to be later interpreted in order to locate the conventional resources present. All this information will be included in the concession agreement and in the work program established with the National Agency for Mineral Resources”, according to Gabor Zelei, general manager of Panfora Oil & Gas

The first step is contacting and informing the land owners and local authorities and communicate the schedule for future operations. Interested parties will be informed that geophysical date will be collected by way of the newest technology, which are safe for the environment and local populations.

“Prospectiuni worked in the area before in the ’70s, the ’80’s, at the end of the ’90’s and even last year. We are ready to start data acquisition activities in the area, since our teams have developed a good raport with the locals. We hold in great regard the relationships we have developed with local communities in the last 65 years and we’d like to invite everybody to a demonstration of our new technologies and their limited impact on the environment. Prospectiuni’s representatives will announce the date and location of this demonstration and they will be there to answer any questions from the population”, according to Gehrig Schultz, CEO of Prospectiuni.

Panfora Oil&Gas also says it is ready to offer equitable and transparent conditions for compensation paid for all the land owners.

“The surface measurements will last about 6-7 months for the entire area of 561 sq km, which amounts to a couple of days for each landowner, depending on the size of the field. These operations include placing sensors and cables in the ground and using vibrating equipment, similar in size to tractors. There will be no use of explosives or drilling equipment. The agricultural capacity of local fields will no be reduced in any way”, the release shows.

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