Rompetrol starts prospective drilling in Romania’s Zegujani perimeter, USD 10 mln investment for 2013

Oil and gas company Rompetrol Group, through its subsidiary Rompetrol SA – Exploration and Production division, has recently started prospective drilling in the Zegujani perimeter in Romania, as part of a program to boost upstream activities in the country, reads a statement from the company.

Rompetrol’s investments in the perimeter, aiming to explore the area’s potential, will amount to USD 10 million this year.

The Lupşa – SAT 1 well is located in South-Western Gorj county and will reach a depth of 4,200 meters. The perimeter has been under a Rompetrol concession since 2004.

«With the support of our sole shareholder – KazMunayGas, we want to strengthen our presence in the Black Sea region in the following period, but also to continue investments in the perimeters that we have under concession», – said Gheorghe Georgescu, manager Rompetrol SA.

Rompetrol also started prospective drilling works in the Focsani perimeter in Romania in 2012, on a site that has been under the company’s concession since 2005.

The group has another three fields under concession in Romania – Satu Mare, Gresu and Nereju.

Adapted from Romania-Insider