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Area Drilling

07/07/2008
ItalyMediterranean Oil & Gas PLC will precisely assess the contingent and prospective oil and gas resources on the BR 269 GC permit in the Adriatic Sea off Italy.Consulting engineers certified the proved and probable recoverable oil volumes at the Obrina Mare oil and gas discovery at 20 million bbl, four times the previously estimated level. These volumes relate only to that part of the field appraised by the horizontal OM-2 well in May 2008.The permit, in which the company holds 100% interest, is in 20 m of water adjacent to Italy’s central coast west of giant Rospo Mare heavy oil field (OGJ, Apr. 2, 2007, p. 34). The permit has a number of other oil prospects and gas leads.The...
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