"Romania Oil & Gas Report Q2 2015" now available at Fast Market Research
New Energy market report from Business Monitor International: "Romania Oil & Gas Report Q2 2015"
[USPRwire, Fri Feb 20 2015] ExxonMobil has completed the Domino-2 appraisal well and is awaiting analysis. Meanwhile it spud the Pelican South-1 well also in the Neptun block. The results of e xploration efforts in the Black Sea have the potential to transform upstream gas production, while redevelopments and EOR are boosting oil . Upgrades are helping to improve efficiencies in the refining sector, though a weak demand market and alleged corruption highlight the ongoing challenges.
The main trends and developments for Romania's oil and gas sector include:
* Fuel prices in Romania fell 20% in 2014. As a result we expect to see growth in refined product demand in 2015 - albeit marginal - for the first time in six years.
* In January 2015, Serinus Energy discovered 22m of net oil pay in the Moftinu-1002bis exploration well, onshore in Satu Mare, north-west Romania.
* ExxonMobil and OMV have completed the Domino-2 appraisal well in October 2014 and are assessing the data. The development cost of the Domino field has been calculated at around USD5bn.
* Following the Domino-2 appraisal, Exxon and OMV spud the Pelican South-1 well in the same block. A new find would add resources to any potential development, improving the economics of such a project.
* In July 2014, OMV Petrom made a shallow water oil discovery at the...
The Romania Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'s independent forecasts for Romania including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.
BMI's Romania Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Romanian oil and gas industry.
Key Benefits
* Benchmark BMI's independent oil and gas industry forecasts for Romania to test consensus views - a key input for successful budgeting and strategic business planning in the Romanian oil and gas market.
* Target business opportunities and risks in the Romanian oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Romania.
* Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.
Coverage
BMI Industry View
Summary of BMI’s key forecasts and industry analysis, covering oil and gas reserves, supply, demand and refining, plus analysis of landmark company developments and key changes in the regulatory environment.
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