Black Sea Oil & Gas (BSOG) and its partners have completed a 2-well offshore exploration drilling program on the XV Midia block in the Romanian Black Sea. The wells did not delivery the anticipated gas discoveries, but one of the wells confirmed the potential of the Dacian play.
BSOG used a four-legged, self-elevating jack up, the GSP Saturn, owned by GSP Drilling, a Grup Servicii Petroliere subsidiary. The first well on the drilling program, Iulia-1, was drilled in 73 m of water 115 km offshore. It spudded on May 8 with 2,110 m TVD targeting the Pontian formation. The Iulia-1 well did not encounter any gas-bearing reservoir.
The second well, Paula-1, was drilled in 88 m of water 147 km offshore. It spudded on June 17 with 1,036 m TVD, targeting the Dacian formation. The net pay and volume of dry gas discovered at Paula-1 did not prove commercially viable for testing.
BSOG said, however, the Paula-1 well confirmed the potential of the Dacian play, already associated with Ana and Doina discoveries.
BSOG, owned by Carlyle International Energy Partners and the European Bank for Reconstruction and Development, is a Romanian-based independent oil and gas company targeting exploration and development of conventional oil and gas resources. Its assets are the XV Midia Shallow Block and XIII Pelican Block concession in the Romanian Black Sea where it is the operator with 65% interest.
