Central European Petroleum (CEP) introduced Monday a “main” oil discovery within the Wolin concession on Poland’s aspect of the Baltic Sea.
The Canadian explorer and producer estimates that the Wolin East 1 discovery effectively holds imply recoverable oil, gross sales gasoline and pure gasoline liquids of 200 million barrels of oil equal (MMboe).
Primarily based on the estimate, “the oil and gasoline assets in Wolin East represent the biggest standard hydrocarbon area but found in Poland, and one of many largest standard oil discoveries in Europe previously decade”, CEP mentioned in a press release on-line.
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The effectively was drilled by a jack-up rig in waters 9.5 meters (31.17 ft) deep and about six kilometers (3.73 miles) from the town of Swinoujscie. Drilling reached a vertical depth of two,715 meters.
“Assessments confirmed a 62-meter hydrocarbon column and glorious reservoir properties for oil and gasoline manufacturing within the Important Dolomite geological formation”, CEP mentioned.
“There may be additionally vital additional low-risk exploration, appraisal and secondary restoration potential throughout the license within the Important Dolomite in addition to within the deeper Rotliegend formation”, it added.
“With these alternatives included, the Wolin license in complete is estimated to include greater than 400 MMboe of recoverable hydrocarbon assets”, CEP mentioned.
Krzysztof Galos, undersecretary of state and chief nationwide geologist, mentioned, “The invention of the Wolin East hydrocarbon deposit – though it nonetheless requires the preparation, submission, and approval of the deposit’s geological documentation – might show to be one of many breakthrough moments within the historical past of hydrocarbon exploration in Poland, particularly with regard to areas which have to this point remained insufficiently explored, resembling Poland’s Unique Financial Zone within the Baltic Sea”.
“If this discovery is finally confirmed, the Wolin East deposit may turn into the biggest oil and related pure gasoline area found in Poland thus far”, Galos added.
“The long run improvement of this web site might considerably contribute to strengthening Poland’s power safety and lowering its dependence on exterior hydrocarbon suppliers, offered that every one obligatory formal necessities enabling its exploitation are met upfront”.
CEP chief govt Rolf G. Skaar mentioned, “We view this discovery as a basis for long-term, accountable improvement of Poland’s offshore assets. Wolin East is greater than only a promising area – it represents a shared alternative to unlock the total geological and power potential of the Baltic Sea”.
“We’re advancing conceptual infrastructure improvement research using the most recent expertise and Wolin East is poised to turn into a significant part of Poland’s home power portfolio”, Skaar added.
“Our focus is on guaranteeing that improvement strikes ahead swiftly in a way that’s technically sound, aligned with the nation’s strategic pursuits, and carried out in shut cooperation with nationwide stakeholders”.
CEP is the only real proprietor of the Wolin license, awarded 2017.
To contact the writer, e mail jov.onsat@rigzone.com
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