Kamchia gas field

Last updated
Kamchia
Country Bulgaria
Region Black Sea
Block Galata
Offshore/onshore offshore
Operator PetroCeltic
Field history
Discovery 1993
Start of development 1993
Start of production 1998
Production
Current production of gas 1.1×10^6 m3/d
40×10^6 cu ft/d 0.4×10^9 m3/a (14×10^9 cu ft/a)
Estimated gas in place 4.9×10^9 m3
172×10^9 cu ft

The Kamchia gas field natural gas field located on the continental shelf of the Black Sea. It was discovered in 1993 and developed by PetroCeltic. It began production in 1998 and produces natural gas and condensates. The total proven reserves of the Kamchia gas field are around 172 billion cubic feet (4.9 km³), and production is slated to be around 40 million cubic feet/day (1.1×106m³) in 2015. [1]

Black Sea Marginal sea of the Atlantic Ocean between Europe and Asia

The Black Sea is a body of water and marginal sea of the Atlantic Ocean between the Balkans, Eastern Europe, the Caucasus, and Western Asia. It is supplied by a number of major rivers, such as the Danube, Dnieper, Southern Bug, Dniester, Don, and the Rioni. Many countries drain into the Black Sea, including Austria, Belarus, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Georgia, Germany, Hungary, Moldova, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine.

Proven reserves

Proven reserves, also called measured reserves, 1P, and reserves, are industry specific terms regarding fossil fuel energy sources. They are defined as a "Quantity of energy sources estimated with reasonable certainty, from the analysis of geologic and engineering data, to be recoverable from well established or known reservoirs with the existing equipment and under the existing operating conditions." A reserve is considered a proven reserve if it is probable that 90% or more of the resource is recoverable while being economically profitable. These terms relate to common fossil fuel reserves such as oil reserves, natural gas reserves, or coal reserves.

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References

  1. ↑ "Kamchia gas field" (PDF). PetroCeltic. 2014-04-03. Archived from the original (PDF) on 2014-04-07. Retrieved 2014-04-03.


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