The Romanian branch of the Serbian company NIS Petrol, which is controlled by Gazpromneft, a subsidiary of the Russian giant Gazprom, received promising results after the trial production carried out under the first exploration probe – Teremia 1000, on the perimeter EX-7 Periam in the Timis area, for which it holds license together with East West Petroleum Corp.
“The results obtained on Teremia 1000 indicate the accumulation of hydrocarbons. The commercial potential of this site will be further assessed through the research / evaluation process, and additional data to be collected will be integrated into the geological model. In the meantime, probe Teremia 1000 is canned, “said NIS, at the request of profit.ro.
According to the company, several intervals were evaluated during the testing. Upon completion, the collected data was analyzed by a specialized laboratory. “On testing two of the three interval intervals at the fundamental level consisting of metamorphic walls, the probe recorded a fluid at a rate of 363 barrels per day, of which 49% of water and light oil were 177 barrels per day. In the other four of the five intervals tested in Miocene age formations, the probe produced natural gas, and in the fifth interval the presence of small amounts of gas and condensate was discovered. ”
David Sidou, chairman of East West Petroleum Corp., announced on Tuesday that the partner and perimeter operator EX-7 Periam had informed the company that the tests carried out had led to encouraging results.
Serbian company NIS, Gazpromneft’s branch, carries out research and production activities in Serbia, Romania, Hungary and Bosnia and Herzegovina.
