Carpathian Foreland Basin

Romania

The Fields are located in the Carpathian Foreland Basin and the Moesian Platform (in the Moldova and Muntenia regions). All 19 fields show potential for further development.

Summary

OMV Petrom S.A. the largest oil and gas producer in South-Eastern Europe and Mazarine Energy Romania S.R.L., a fully owned Romanian subsidiary of Mazarine Energy B.V. announced that parties reached an agreement on the transfer of 19 onshore fields plus three workover rigs and associated crews to Mazarine Energy Romania S.R.L. on the 7th of October 2016.

On the 1st of August 2017 Mazarine Energy completed the Business Transfer Agreement of the 19 oil and gas fields from OMV Petrom.

Details

 

The acquired fields are located in the Carpathian Foreland Basin and the Moesian Platform (in the Moldova and Muntenia regions). All 19 fields show potential for further development.

Mazarine is confident that its advanced technical capabilities coupled with a 3D seismic acquisition campaign have the potential to identify undrained areas in fields with complex tectonic settings. Mazarine has identified a number of production optimization and workover opportunities that will increase productivity and further develop the fields, in addition to an upside potential > 10 Mln boe.

Following the transfer of the fields, workover programs have been initiated in order to increase productivity and further develop the fields. Simultaneously, a portfolio of growth opportunities has been matured, including two seismic surveys in Ileana and Campeni, to be executed early 2018.

Next operation

Douiret Prospection License

Mazarine Energy and ETAP applied for Douiret Prospection permit in August of 2016 which was awarded on 22 December 2017

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