The Rompetrol Group, through the Upstream Division, will start the drilling works for the first well of geological survey in Focşani perimeter, which has been leased by the company since 2005.
The prospecting well Kaz 1 will be located in the North-Western part of the perimeter, not far from Fitioneşti, and will have a designed depth of approximately 4,200 metres. At the same time, the company intends to run a 2D seismic recording software (minimum 200 km) in the South-Western area (Pruneni) in order to increase the exploration potential of the block.
„It is an important step for the Kazakh oil and gas industry and for the national company KazMunayGas (KMG): the first well in Romania and the Black Sea region.
Until now, such operations have been done exclusively on oil fields of Kazakstan. This is a new achievement in the strategy of The Rompetrol Group and part of long term objective of KMG, to be among the Top 30 oil and gas companies worldwide”, said Zhanat Tussupbekov, general manager of the Rompetrol Group says.
The total value of the project this year is estimated at more than 10 million USD and 17,5 million USD for 2013 .
“KMG’s investments in Europe and specially in România, show Kazakhstan’s involvement and commitment in its partnership with Romania and the European Union. KMG is among the most important international ambassadors of Kazakhstan, and contribution significantly, through its medium and long-term development lines, to the enhancement and consolidation of the relations between Kazakhstan and the European Union, of the energetic bridge between Asia and Europe” according to Talgat Kaliyev, Kazakhstan’s Chargé d’Affaires in Romania.
The Rompetrol Group has more than 30 years of experience in the upstream sector in 24 countries on four continents, being the external representative of the Romanian oil and gas production history longer than 150 years. Currently, the Rompetrol Group has other 4 perimeters leased – Satu Mare, Zegujani, Greşu şi Nereju.