Zeta and Chevron Share Romanian Data

Hydrocarbon explorer Zeta Petroleum has announced the signing of a data sharing agreement between Chevron Romania Exploration and Production, a subsidiary of Chevron Corp, and Zeta Petroleum (Romania) and Raffles Energy.

The agreement covers the exchange of well data and similar information relating to the Suceava gas concession in Romania, and the adjoining 6,284 sq km Chevron-operated Barlad concession. Raffles is the operator of the Suceava concession upon which the producing Climauti gas field is located.

The agreement was announced in a statement on the companies' websites. It has been approved by Romania's National Agency for Minerals and Resources.

The Suceava concession lies contiguous to the north west of the Barlad concession.

Stephen West, managing director of Zeta Petroleum, said: "The data-sharing agreement with Chevron adds potential for additional prospectivity to the proven conventional play at Suceava, from which the Climauti gas field produces. We already believe there is the potential for up to 80Bcf (unrisked) of shallow conventional gas based on five leads and prospects at Suceava and look forward to receiving the findings of Chevron. In the meantime, Zeta gains access to considerable well and seismic data on the Barlad concession, another proven hydrocarbon area."

Chevron has been prospecting for shale gas in Romania since 2010.

See also: Shale Gas in Romania