Hydrocarbons are present in Romania's first deep-water well, Domino-1, OMV Petrom SA (SNP.RO) said in a statement released Friday by its parent company, the Austrian oil and gas company OMV AG (OMV.VI).
Hydrocarbons are present in Romania's first deep-water well, Domino-1,
OMV Petrom SA (SNP.RO) said in a statement released Friday by its parent
company, the Austrian oil and gas company OMV AG (OMV.VI).
"This is encouraging, but it is too early in the data evaluation and
exploration to speculate whether it will prove to be commercial or not,"
said OMV Petrom.
Domino-1 is located in the Neptun Block of the Black Sea, 170 kilometers
offshore in water about 1,000 meters deep. Since 2008, OMV Petrom and
ExxonMobil Corp. (XOM) have worked together to explore the hydrocarbon
potential of the Neptun Block. Drilling on the Domino-1 well started at the end
of 2011.
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