Romania: Chevron to Continue Seismic with View to Conventional Drilling

Chevron Corp. will continue to undertake planned seismic studies during 2012, while it focuses on providing factual information to assure Romanian citizens and policymakers concerned about the perceived risks of natural gas exploitation from shale formations

“We recognize the importance of sharing facts on the exploration technologies, that  re standard for oil and natural gas, and exploitation technologies for releasing natural gas from shale formations, which are new to Romania, but have been safely used for decades in many locations.” stated Tom Holst Country Manager Chevron for Romania.

"We understand the concerns in Romania. We believe that by presenting factual information on how these technologies are conducted, Romanians will understand that this natural gas is a clean source of energy and that it can be produced safely and responsibly," continued Tom Holst .

Yesterday Chevron announced that it was suspending its activities in respect to the exploration and extraction of shale gas in Romania, due to concerns related to hydraulic fracturing.

The company said that positive indications from its seismic investigation may be followed by standard drilling, techniques employed in conventional oil and gas activities.

“Romania has been producing natural gas and oil for many years. The same techniques will be used to determine if the country can significantly reduce imports of natural gas. Chevron is determined to create jobs for Romanians, to generate revenue for the State, to protect the environment and to help the local communities where it operates.”

Chevron said that is in the process of initial permitting for a conventional exploration well in 2012 in Vaslui county.

Read the Statement from Chevron Corp. HERE