Lukoil hits gas in Black Sea

Russia’s Lukoil informed that it has discovered a large gas field located at the Trident block (EX-30) in the Black Sea, offshore Romania.

Exploration on the EX-30 block is conducted by Lukoil Overseas Atash within the framework of the concession agreement with the government of Romania, the company said on Wednesday.

Currently Lukoil’s share in the project is 72%, while PanAtlantic Petroleum owns 18% and Societatea Nationale de Gaze Naturale Romgaz owns 10%.

The block covers an area of 1,006 square kilometers with water depth ranging from 300 to 1,200 meters. The Lira-1X well is located at a distance of about 170 km from the coast, where the depth of the sea is about 700 meters. The well was drilled to a depth of 2,700 meters from the semi-submersible drilling rig TransOcean Development Driller II. The well was temporarily abandoned for further evaluation of the Lira gas discovery.

According to preliminary results of the analysis of drilling data and geophysical exploration, the Lira-1X delivered a productive interval with an effective gas-saturated thickness of 46 meters.

According to seismic data, the area of the gas field can reach up to 39 square kilometers with reserves exceeding 30 bln cubic meters of gas, which is to be confirmed during evaluation drilling.

The program of future works planned for 2016 includes drilling an exploration well at the Lira and the reprocessing of seismic data to confirm the size of the discovery and precise assessment of its potential hydrocarbon reserves.

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