News

KYIV/BUCHAREST, March 16 (Reuters) - Ukraine's ​Naftogaz, which discovered "substantial" offshore gas reserves in the Black Sea before Russia's invasion, ‌is in talks with Romania's OMV Petrom (ROSNP.BX), opens new tab to form a partnership relating to the field, three industry sources told Reuters.

The sources did not indicate the amount of recoverable gas at the discovery, but one called ​it "one of the most promising gas fields in the Black Sea region", where Romania and Turkey ​are already developing deposits of their own.

Poland's PGNiG (Polskie Górnictwo Naftowe i Gazownictwo) has acquired the INEOS group of companies, which owns assets with equity interests in 21 concessions and the Nyhamna gas terminal on the Norwegian continental shelf. This was reported by the press service of PGNiG.

The Norwegian company PGNiG and Aker BP have started design work on the development of a detailed plan for the exploitation of the King Lear deposit in the North Sea.

Naftogaz, together with the Norwegian company Petroleum Geo-Services (PGS), is completing 3D seismic on the first shallow block of the Black Sea shelf with an area of ​​5,000 sq km.

He hopes that the first well in the shallow water shelf will be drilled at the end of 2023, and in deep water - in 2024-2025.

JSC "Naftogaz of Ukraine" can start drilling wells on the Black Sea shelf no earlier than in five years. And this is still an optimistic scenario.

According to him, the demand for natural gas will remain high until the completion of the "green transition". To cover it, it will not be enough only to extract gas from "old" deposits. It is necessary to discover and learn new ones.

In the Black Sea basin, deposit operator companies are divided into three groups: those that entered and are working, those that want to exit, and those that cannot exist, this observation was proved by the observer of the upstream segment, Naftorynok - Volodymyr Dolnyk at the Odesa Offshore Conference 2021 (OOC2021).

The Black Sea shelf is the main region due to which the main increase in Naftogaz resources is planned.

The Ukrainian Geological Survey (Derzhgeonadra) in accordance with the decision of the Cabinet of Ministers issued four more special permits to NJSC "Naftogaz of Ukraine" on the Delfin Block, located on the Black Sea shelf.