NIS Gazprom Neft’s wholly-owned subsidiary, NIS Petrol will fund the total cost of the Jimbolia-100 well and earn a 51% working interest in the Jimbolia concession, as a part of a farm-out agreement.
Located in the east of Pannonian Basin in Romania, the well includes two discoveries, Jimbolia Veche and Jimbolia Vest.
Under the Jimbolia-100 drilling program, Zeta will target the Jimbolia Veche discovery, which has two hydrocarbon bearing intervals and a current Pmean contingent oil resource of 1.72MMbbls.
The company is expected to drill the well to a target depth of 2,590m in 35 days. It will take another 15 days to complete logging and testing operations. If all these tests are successful, Jimbolia-100 will be completed as a production well.
In 1983, Petrom drilled the Jimbolia-100 well and identified the Pliocene VIII as an oil reservoir with a gas cap.
The gas cap was penetrated by two wells – the Jimbolia-1, which flowed at rates of about 120 bbls/day and tested at a constant rate of 50 bbls/day for 6 days.
Drilling and test of Jimbolia-6 indicated an oil leg with an oil density of 780kg/m3 (50° API).
