Project Profile
Value: Undisclosed
Location: Moldovian platform about 370km north of Bucharest, Romania
Area: 2,403 sq km
Start-up Year: March 2011
Current Production: 12,800 m3 per day (Climauti and Dornesti, September quarter of 2015)
The concession contains the Climauti gas field which is currently producing at about 17,000 cubic metres per day, from Sarmatian reservoirs, with the production being sold to Wintershall. Suceava concession which covers 2,403 square kilometres on the Moldovian platform and lies about 370 kilometres north of Bucharest. The Suceava concession is operated by Raffles Energy which holds the other 50% interest. The well Climauti-1 in the Suceava Block was drilled in June 2010. The well was a gas discovery in Sarmatian reservoirs at around 460m and it is estimated should yield approximately 2 bcf gross of recoverable gas reserves. The well was tied into the Bilca gas plant and came on stream on 4 March 2011 with a daily production rate of 30,000 m3/day.
In 2014, Zuta Petroleum announced the start of electricity production at the sti-1 gas-to-power (‘GTP’) plant. The project put the Dornesti field, on the Suceava concession, into experimental production by constructing a power plant based on a phased modular design that allows for build-up of electricity production to a rate of up to 2.5 MW. The facility is located next to the discovery (containing high calorific value conventional natural gas with over 99% methane, at approximately 500m depth) enabling direct conversion of the gas to electricity with connection to the nearby national electricity grid. Dornesti represents the first gas field in Romania that has been developed with production directly via an on-site GTP solution.
In the September quarter of 2015, Zeta launched the Ruda-1 production well, which added 9,000 m3 per day to output at the concession, and lifted gas-to-power generation to 1.15 MW/h.
Operators:
Raffles Energy: Operator with 50% interest
Zeta Petroleum: 50% interest as of May 2012 from Regal Petroleum