Lukoil Discovers Deepwater Gas Field off Romania

Russia’s Lukoil announced the discovery of a gas field in the Lira offshore structure at the Trident block (EX-30) in Romania’s deep-sea.

‘According to seismic data, the area of the gas field can reach up to 39 km2, 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’ reads a note released on Wednesday.  

Lukoil Overseas, which is wholly owned by Lukoil, has a 72% share in the project. PanAtlantic Petroleum owns 18% and Societatea Nationale de Gaze Naturale Romgaz SA owns the remaining 10%.

‘The water depth within the block ranges from 300 to 1,200 meters. The block has an area of 1,006 km2. The Lira-1X well is located at a distance of about 170 km (90 miles) from the coast, where the depth of the sea is about 700 meters.’