Romanian OMV Petrom & US Exxon Mobil evaluate Black Sea gas reserves

OMV Petrom, the largest oil and gas company in Romania, and US company Exxon Mobil currently evaluate the size and the commercial viability of the gas reserves discovered by the exploration well Domino-1 in 2012 in the Black Sea, according to one of the directors of the Austrian energy group OMV, which holds a majority share in OMV Petrom, reports Reuters, cited by local Economica.net. The exact gas volume will be known only after the evaluation program will be completed in a year or two, he added. In 2012, ExxonMobil and OMV Petrom announced the discovery of a major natural gas field in the Neptun block, in the Romanian Black Sea waters. According to OMV, the Domino-1 exploration well found a gas accumulation of 70.7 meters, the preliminary estimates assessing the accumulation at 42 - 84 billion cubic meters. editor@romania-insider.com