Exxon Mobil, Petrom start drilling Romania well

VIENNA Mon Jan 9, 2012 3:42am EST

Related Topics

VIENNA Jan 9 (Reuters) - Exxon Mobil and Petrom have started exploratory drilling on Romania's first deepwater well in the Black Sea, the Romanian group owned by Austria's OMV said on Monday.

The Domino-1 well is in the Neptun Block, 170 km offshore in water about 1,000 metres deep, a statement said. Drilling operations are expected to take about 90 days, it said, noting such exploratory drilling may or may not result in a discovery.

"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 exploration and production head.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.