Oil & Gas

Mazarine Energy to profit rejuvenating mature oil fields

Since taking over the 19 petroleum fields from OMV Petrom on August 1st, 2017, Mazarine Energy Romania team performed a thorough well-by-well analysis that resulted in a wealth of well workover and intervention proposals. With the own rig fleet, the company successfully completed with minimal costs 32 workovers and more than 150 well interventions. These activities resulted in the re-activation of three previously not producing oil fields, representing a prime example of mature field rejuvenation. Thus, the Valea Resca, Glodeni and Valcanesti fields are back into production after many years of sitting idle.

Based on these encouraging results, Mazarine Energy Romania plans to intensify the activity of workover and interventions on its wellstock in the same manner, by prioritizing on safety, environmental impact and good relations with the local communities.

Recently, Mazarine Energy Romania announced that it has completed the acquisition of 3D-seismic surveys over its biggest producing fields – Ileana (Muntenia region) and Campeni (Moldova region). The surveys were planned and executed within six months from taking over the fields from OMV Petrom.

Seismic data processing and interpretation over the Ileana fields is already completed and company’s specialist geoscientists have already identified several new drilling locations, for which Mazarine is now preparing. Mazarine intents to start drilling in Q3 2018.

Processing of 3D-seismic data is ongoing in Campeni and Mazarine expects to mature drilling prospects for Q4 2018.

Our professional team has delivered a great piece of work establishing Mazarine Energy as a solid independent E&P operator in Romania. In less than a year, Mazarine was able to acquire, process and interpret 3D-seismic over the largest fields and is now ready to start infill drilling. In parallel we performed more than 100 well interventions and workovers and have raised production by more than 25%, Spencer Coca, Country Manager Mazarine Romania said.

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