BAKU, Azerbaijan, Jan.31
By Leman Zeynalova – Trend:
Romania’s Romgaz company has started production from the deep reservoir of the Caragele field through the 77 Rosetti well, having a production potential of more than 1500 barrels of oil equivalent (boe), Trend reports citing the company.
Romgaz CEO Adrian Volintiru said that the exploration and development works will continue at a sustained rate to allow for potential increase of the assessed volume of the gas originally in place, as well as the recovery of such.
Romgaz has also intensified the production activities in the medium depth zone of the Caragele field by putting into production two new wells having an average daily flow rate of 1000 boe, added the CEO.
Reportedly, the three wells put a new perspective on the Caragele field through an enhanced daily production by approx. 30 percent, resulting in an increased production of the company by 1.4 percent in January.
In 2016, Romgaz identified an important discovery in the NE sector of the Moesic Platform within the Caragele field, at a depth of over 4000m, and that well confirmed in production the initially announced discovery.
The discovery required a specific time period for a comprehensive geological assessment of the hydrocarbon accumulation as well as for the design and preparation of development works to allow beginning of production.
SNGN Romgaz SA performs exploration, development and production petroleum operations in eight blocks in Romania, with the main aim of continuing the exploration works to identify new hydrocarbon resources.
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