Sterling eyes Black Sea wells, Romania gas liberalization

08/27/2012
Sterling Resources Ltd., Calgary, will resume exploratory drilling in the Black Sea offshore Romania in September and is encouraged by the Romanian government’s enacting of natural gas liberalization policies. The GSP Jupiter cantilever jack up will drill the Ioana gas prospect to 1,600 m in 91 m of water to target the Mid-Pontian sandstone. It then will move north to drill the Eugenia oil prospect to 2,300 m in 55 m of water to target three formations in the Oligocene, Eocene, and Late Cretaceous. Sterling said success at Ioana could greatly enhance its goal to increase the size of the gas hub in the Midia block that already includes the Ana and Doina discoveries. Eugenia is the first ex...
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