Lukoil continues drilling in the Black Sea

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Lukoil, one of the most powerful players in the local oil market, says this year will drill a probe in the Black Sea, where large-scale exploration works are performed, together with Romgaz.

The information appears in the Russian oil group’s 2018 report, but does not include other details. Along with the exploration operations in Romania, the Russians will also have drilling programs in Mexico, Norway and Iraq, according to zf.ro.

The Black Sea works will take place at the Trident perimeter, where the Russians work together with Romgaz, the largest local gas producer, controlled by the Romanian state.

According to the latest estimates, the perimeter might have gas reserves of up to 30 billion cubic meters. Romania’s annual consumption is about 10 billion cubic meters.

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