Lukoil to invest up to $300 mln into 2 wells at the shelf of Romania

​2 new wells at the Trident block will become the next stage of Lukoil’s drilling program at the shelf. The company started to drill the first well in November.

“Lukoil Overseas”, operator of international projects of Lukoil OJSC, plans to invest $200-300 mln into the drilling of 2 new exploratory wells at the shelf of Romania, is reported.

In February 2011 the consortium with the participation of Lukoil Overseas on the results of the held in July 2010 tender signed concession agreements with the National Agency for Mineral Resources of Romania for exploration and development of 2 blocks in the Romanian sector of the Black Sea – Est Rapsodiya and Trident.

Currently the stakes in the projects are the following: Lukoil Overseas – 72%, PanAtlantic (former Vanco International) -18%, the national gas company of Romania Romgaz – 10%.