Domino-1: Romania’s First Deepwater Exploration Well
- Business & Finance
ExxonMobil’s Romanian subsidiary together with Petrom has started exploration drilling on Domino-1, the first deepwater exploration well in the Romanian sector of the Black Sea.
The Domino-1 well is located in the Neptun Block, 170 kilometers offshore in water about 1,000 meters deep and will be drilled using state-of-the-art industry technology. The well is being drilled by the world-class, sixth generation drillship, Deepwater Champion, which recently transited to Romanian waters after completing its drilling program offshore Turkey. Drilling operations are expected to take about 90 days.
The drillship is owned by the world’s largest drilling contractor, Transocean.
“We are very pleased to collaborate with Petrom in this project – a collaboration built upon ExxonMobil’s experience as a leader in deepwater exploration and Petrom’s vast experience in Romania. We highly value the efforts of the Romanian authorities for supporting the progress of the deepwater Black Sea exploration program,” said Ian A. Fischer, Managing Director of EEPRL.
Exploration drilling, especially in such frontier, unexplored areas as the deepwater Black Sea, may or may not result in a discovery. If commercial discoveries are made, the development of the Neptun Block would yield significant positive industrial, social and economic benefits for Romania.
“Together with our partner ExxonMobil, we are developing a unique project for Romania. Deepwater exploration carries high investment risks and requires investments of several hundred million U.S. dollars, yet a potential success would fundamentally change the perspective of the Romanian energy sector,” said Johann Pleininger, Petrom’s Executive Board Member responsible for Exploration & Production.
Offshore Energy Today Staff, January 10, 2012; Image: Transocean