Pâncota oil field explained

Pâncota
Country:Romania
Region:Arad County
Offonshore:onshore
Operator:Universal Premium
Discovery:2012
Start Development:2012
Start Production:2014
Oil Production Bbl/D:800
Est Oil Bbl:11
Est Oil T:1.5

The Pâncota oil field is an oil field located in Pâncota, Arad County. It was discovered in 2012 and developed by Universal Premium. It will begin production in 2014 and will produce oil. The total proven reserves of the Pâncota oil field are around 11 million barrels (1.5×106tonnes), and production will be centered on 800oilbbl/d.[1]

Notes and References

  1. Web site: Un nou zăcământ de ţiţei estimat la 1,5 milioane de tone, în zona oraşului Pâncota, din Arad. 2012. Capital.ro. 2013-04-15.