Pâncota oil field

Pâncota
Country Romania
Region Arad County
Offshore/onshore onshore
Operator Universal Premium
Field history
Discovery 2012
Start of development 2012
Start of production 2014
Production
Current production of oil 800 barrels per day (~40,000 t/a)
Estimated oil in place 1.5 million tonnes
(~ 1.7×106 m3 or 11 MMbbl)

The Pâncota oil field is an oil field located in Pâncota, Arad County. It was discovered in 2012 and developed by Universal Premium. It will begin production in 2014 and will produce oil. The total proven reserves of the Pâncota oil field are around 11 million barrels (1.5×106tonnes), and production will be centered on 800 barrels per day (130 m3/d).[1]

References