Premium article: Seismic prospecting in Timis has been approved by the authorities in Bucharest
The riot of Sanmihaiu Roman residents against geological prospecting in the region continues. [cleeng_content id=”241182381″ description=”Buy this translation today. The article has 1779 characters with spaces. ” price=”2.74″ t=”article”]Although authorities don’t say anything, the fact that seismic prospect is conducted in the region is known since 2011 in Bucharest, where the former president of the National Agency for Mineral Resources (NAMR), Alexandru Patruti, and the manager of the Australian company ADX Energy, Wolfgang Zimmer, signed in January 2011 a concession agreement for Parta block. The contract has been ratified by the Government of Romania. Under this contract, ADX Energy has started the seismic research program of its onshore concession in Romania, Parta block, which includes 190 square kilometers of 2D research and 200 square kilometers of 3D research. Researches are scheduled to be completed during the second quarter of 2013. According to ADX, depending on weather conditions, seismic research will allow the drilling of the first well in the fourth quarter. Under the license, ADX, as operator of the block, has committed to raise 2D and 3D seismic data and drill 2 exploration wells by May 2015. Seismic analysis allows the company to improve the localization of the targets already set, as well as to identify oil or gas reservoirs. ADX Energy has signed a contract of 2D and 3D seismic data acquisition with the Romanian company Prospectiuni SA, owned by Ovidiu Tender. Parta block covers 1,221 square kilometers in the south of the Pannonian Basin, in west Romania. Although the area includes 7 oil and gas fields, the concession is considered as being underexplored. According to seismic data prospected in the past, it’s estimated that Parta would hold 47mln barrels of recoverable oil reserves and 13.6bcm of gas. ADX is operator of the block, with a 50% interest in Parta block, the remaining 50% belonging to Austria’s oil company Rohol-Aufsuchungs Aktiengesellschaft (RAG). [/cleeng_content]
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