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Exxon Mobil, Petrom start drilling Romania well
January 9, 2012 / 8:45 AM / 6 years ago

Exxon Mobil, Petrom start drilling Romania well

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.

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