The reserves were found in the Lira offshore structure, which is located at the Trident block (EX-30) in the deep-sea Romanian offshore.
"According to seismic data, the area of the gas field can reach up to 39 square km, reserves can exceed 30 bln cubic meters of gas, which is to be confirmed during evaluation drilling. The success of the Lira-1X well will reduce the risk for further exploration on a series of prospective sites with significant potential reserves, located both close to the Lira structure and in other parts of the block," the company said.
According to the company, the future development program planned for 2016 includes drilling exploration well at the Lira and the reprocessing of seismic data to confirm the size of the discovery and precise assessment of its potential hydrocarbon reserves.
Exploration on the EX-30 block is conducted by LUKOIL Overseas Atash BV (100-% subsidiary of PJSC LUKOIL) within the framework of the Concession Agreement with the Government of Romania of 2011. Currently LUKOIL's share in the project is 72%, while PanAtlantic Petroleum Ltd owns 18% and Societatea Nationale de Gaze Naturale Romgaz SA owns 10%.
(TASS)
