Discoveries | Exploration & Appraisals | Key Wells
PanAtlantic Hits Gas Discovery Offshore Romania
Print
|
PanAtlantic Petroleum Ltd. announces the drilling conclusion of the Lira-1X exploration well and the discovery of a gas field in the Lira offshore structure, which is located at the Trident block (EX-30) in the Romanian offshore.
Exploration on the EX-30 block is conducted by Operator LUKOIL Overseas Atash BV (100-% subsidiary of PJSC LUKOIL) within the framework of the Concession Agreement with the Government of Romania of 2011. Currently PanAtlantic Petroleum Ltd. owns 18% while LUKOIL’s share in the project is 72%, and Societatea Nationale de Gaze Naturale Romgaz SA owns 10%.
The Lira-1X well is located at a distance of about 170 km from the coast, where the depth of the sea is about 700 meters. The Trident block has an area of 1,006 km2. The well was drilled to a depth of 2,700 meters (8,858 feet) from the TransOcean Development Driller II. The well has been temporarily abandoned pending further evaluation of the Lira gas discovery.
Preliminary results indicate a minimum of 46 meters pay interval and a minimum 1 TCF of gas reserves.
Operations planned for 2016 include appraisal drilling near the Lira discovery well and the reprocessing of seismic data to confirm the size of the discovery and perform a more precise assessment of potential hydrocarbon reserves.
President and CEO Dr. Robert Erlich states, "This is a very important discovery for PanAtlantic and our partners. Operator LUKOIL has done an outstanding job of drilling the well within financial estimates and without environmental or safety incident. We are pleased to be part of such an exciting new area of gas discovery."
More Discoveries News
APA Corp. Strikes Oil Offshore Suriname at Baja-1 Well; Dry Hole at Block 58
APA Corp. announced an oil discovery offshore Suriname at Baja-1 in Block 53 and provided an update on recent drilling operations at Dikkop-1 in Block 58. Baja-1 was…
Exxon Makes Dual Discoveries at Liza, Payara Prospects Offshore Guyana
ExxonMobil has made two new discoveries offshore Guyana to the southeast of the Liza and Payara developments in the Stabroek block. The discoveries at Seabob and Kiru-Kiru are…
Petrobras Makes Oily Discovery at Campos Basin Wildcat Well
Petrobras reported that it has discovered a new oil accumulation in the pre-salt in the southern portion of the Campos Basin in a wildcat well in the Alto…
APA Corp. Strikes Oil at Krabdagu-1 Exploration Well Offshore Suriname
APA Corp. announced an oil discovery at the Krabdagu-1 (KBD-1) exploration well. KBD-1 is located on Block 58 offshore Suriname, approximately 18 kilometers southeast of the Sapakara South-1…
Kosmos Strikes Oil at Winterfell Appraisal Well; 100 MMBO Gross Estimate
Kosmos Energy reported the completion of the drilling of the Winterfell-2 appraisal well on Block 943 in the Green Canyon area of the U.S. Gulf of Mexico. The…
Europe News
Harbour Energy Strikes $3.2B Deal to Buy LLOG, New Core Business
December 2025 — Harbour Energy plc has agreed to acquire 100% of LLOG Exploration Company LLC for $3.2 billion, marking a strategic entry into the deepwater U.S. Gulf…
Harbour Energy Enters U.S. Deepwater With $3.2B LLOG Acquisition
Harbour Energy has agreed to acquire LLOG Exploration Company LLC for $3.2 billion, marking Harbour’s strategic entry into the deepwater U.S. Gulf of America and establishing what it…
APA Corporation First Quarter 2023 Results
APA Corporation announced first quarter 2023 results. Highlights Reported production of 394,000 barrels of oil equivalent (BOE) per day; adjusted production, which excludes Egypt noncontrolling interest and tax…
Evolution Petroleum Corporation Fiscal Third Quarter 2023 Results
Evolution Petroleum Corporation announced fiscal third quarter 2023 results. Highlights Reported sequential growth in revenue of 9% to a record $36.9 million and in net income of 34%…
W&T Offshore, Inc., First Quarter 2023 Results
W&T Offshore, Inc., announced first quarter 2023 results. Highlights Reported first quarter 2023 production of 32.5 thousand barrels of oil equivalent per day ("MBoe/d") (56% liquids), or 2.9…
Offshore News
Talos Energy Inc. First Quarter 2023 Results
Talos Energy, Inc.announced first quarter 2023 results. Highlights Authorized a $100.0 million share repurchase program in March 2023 and repurchased 1.9 million shares through the end of the…
Kosmos Energy Ltd. First Quarter 2023 Results
Kosmos Energy Ltd. announced first quarter 2023 results. Highlights Net Production(2): ~58,800 barrels of oil equivalent per day (boepd), with sales of ~61,100 boepd Revenues: $394 million, or…
Marathon Oil Corporation First Quarter 2023 Results
Marathon Oil Corporation First Quarter 2023 Results Highlights Continued delivery against differentiated Return of Capital Framework, exceeding commitment to return at least 40% of adjusted CFO to shareholders…
Murphy Oil Corporation First Quarter 2023 Results
Murphy Oil Corporation announced first quarter 2023 results. Highlights Exceeded upper end of guidance range with production of 172.5 thousand barrels of oil equivalent per day (MBOEPD), including…
Hess Corporation First Quarter 2023 Results
Hess Corp. announced its first quarter 2023 results. Highlights Net income was $346 million, or $1.13 per share, compared with net income of $417 million, or $1.34 per…