Romania: Lukoil, Vanco get Black Sea blocks

By OGJ editors
HOUSTON, Feb. 24
– A combine of Lukoil Overseas and Vanco International, Houston, has signed concession agreements with Romania’s National Agency for Mineral Resources of Romania to explore the Est Rapsodia and Trident shelf and deepwater blocks in the Black Sea off Romania.

The blocks cover a combined 2,000 sq km in 90-1,000 m of water 60-100 km off Sulina. The right to implement these projects was obtained by the consortium as a result of bidding held in the summer of 2010. A 3D seismic study is required to assess the geological structure of the blocks.

The companies bid on the blocks in mid-2010. Interests are Lukoil Overseas 80% and Vanco 20%. Lukoil Overseas will open an office in Romania to operate the project.

Related Articles

Tethys reports second successful gas well in Kazakhstan

03/20/2014 Tethys Petroleum Ltd. reported the success of the second shallow gas exploration well of its 2014 program on the Akkulka block in the Caspian regio...

BOEM: Firms bid $850 million in high bids in central gulf lease sale

03/19/2014 The US Bureau of Ocean Energy Management reported that its central Gulf of Mexico Lease Sale 231 received 380 bids from 50 companies on 326 blocks,...

CNOOC makes gas discovery in Qiongdongnan basin

03/19/2014

CNOOC Ltd. has made a natural gas discovery in the east Lingshui Sag of the deepwater area in the South China Sea’s Qiongdongnan basin.

Cairn, FAR to drill exploration wells offshore Senegal

03/19/2014

FAR Ltd., Perth, will participate in the drilling of two deepwater exploration wells offshore Senegal next month.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected