Black Sea Oil & Gas receives approval for Ana and Doina gas fields development
The company received the approval from the Romanian Government through the National Agency for Mineral Resources.
The company received the approval from the Romanian Government through the National Agency for Mineral Resources.
The well reached an intermediate TD of 4880 m approximately 7 days ahead of schedule.
Production from shallow wells for March 2019, was in aggregate 44 566 or 1658 bpd (February 2019 42 913 bbls or 1533 bpd), with oil sold at an average price of US$18/bbl (February US$20.50/bbl).
Moscow expects to reinforce its position as Europe’s largest natural gas supplier with Russia’s construction of two new pipelines.
Russian crude exports will reach a multiyear high of 5.7 million bpd in April, 400 000 bpd higher than average exports in the previous 5 months, according to a Market Alert released by ESAI Energy.