Project Profile
Depth: 1,400m
Reserves: 30 mmbo gross reserves
Location: Brates Block
The Barchiz Prospect represents Europa\'s first pure oil play well in Romania and the well, due to spud in late 2010, is targeting a structure immediately north of and along trend from the Gemana oilfield (50 mmbo reserves). It is a relatively shallow target with a depth of 1,400m and potential for up to 30 mmbo gross reserves. Several \'lookalike\' leads have been identified on-block which will be significantly upgraded if Barchiz is a success.
A further highly prospective area in the same licence, underneath the existing Tazlaul Mare gas condensate field, is anticipated to be matured for drilling in 2011/12.
Operator:
Europa O&G Holdings: Operator with 100% interest