Ropotamo gas field

Last updated
Ropotamo
Country Bulgaria
Region Black Sea
Block Galata
Offshore/onshore offshore
Operator PetroCeltic
Field history
Discovery 1993
Start of development 1993
Start of production 2018
Production
Current production of gas 11×10^6 m3/d
400×10^6 cu ft/d 4×10^9 m3/a (140×10^9 cu ft/a)
Estimated gas in place 40×10^9 m3
1.4×10^12 cu ft

The Ropotamo gas field natural gas field located on the continental shelf of the Black Sea. It was discovered in 1993 and developed by PetroCeltic. It will begin production in 2018 and produces natural gas and condensates. The total proven reserves of the Ropotamo gas field are around 1.4 trillion cubic feet (40 km³), and production is slated to be around 400 million cubic feet/day (11×106m³) in 2018. [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. About a third of Europe drains into the Black Sea, including the countries of 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. "Black Sea prospects". docstoc.com. 2007-04-03. Retrieved 2014-04-17.