Melrose completes initial seismic survey offshore Romania
Aug. 22, 2012
Melrose Resources (LON:MRS) has started exploration on the Muridava and Est Cobalcescu blocks offshore Romania.
Offshore staff
EDINBURGH, UK – Melrose Resources (LON:MRS) has started exploration on the Muridava and Est Cobalcescu blocks offshore Romania.
Both are in shallow water with oil and gas potential in proven plays on trend with discoveries elsewhere in Romanian waters. Melrose’s preliminary mapping of the area, based on vintage regional 2D seismic data, has identified leads and prospects with potential resources in the range 1-2 tcfoe.
The first stage of the program involved the acquisition of 1,930 sq km (745 sq mi) of 3D seismic data over both blocks, using theVyacheslav Tikhonov seismic vessel. Interpretation will be fasttracked ahead of a multi-well drilling campaign, with two wells planned in 2013 and four wells in 2014.
As the planned work program is relatively capital intensive, the company plans to reduce itsequity on both blocks to 40%, while retaining operatorship. It is in discussions with one company interested in a 30% stake in Est Cobalcescu.
