Romania
Romania
Europa holds interests in 4 Romanian exploration licences in the
prolific Carpathian petroleum system, with non-operated working
interests varying from 17.5 to 28.75%. The work programme is
moving to a phase of appraisal of a 2009 gas discovery and
exploration in the oil play.
The exploration strategy in the Romanian portfolio is moving
away from the small shallow gas play in the eastern part of the
licences to explore in the thrust belt oil play that is developed
in the western part of all four of Europa's Romanian
licences. The US
Geological Survey estimates mean undiscovered potential
reserves of over 500 million barrels in the play and Europa's
first well targeting this play - Barchiz - is due to be drilled in
late 2011.
