Lebăda Est

Lebăda Est Oil and Gas Field Profile

Location

The Lebăda Est oil and gas field is located on the continental shelf of the Black Sea, in the territorial waters of Romania. Specifically, it is situated in block XVIII Istria, in shallow water with a depth of approximately 354 feet.

Discovery and Development

The Lebăda Est field was discovered in 1987 and was developed by Petrom, which is now part of OMV Petrom SA.

Operator

The field is currently operated by OMV Petrom SA, a subsidiary of OMV AG. OMV Petrom is an integrated energy producer with activities spanning the entire energy value chain, including exploration and production of oil and gas, refining, fuels distribution, power generation, and marketing.

Production

• Oil Production: While the field is primarily known for its gas production, it also produces oil. However, specific oil production rates for Lebăda Est are not as prominently detailed as those for gas.
• Gas Production: The field is a producing conventional gas field. As of the available data, the Lebada Est conventional gas field has recovered 83.99% of its total recoverable gas reserves. Peak production occurred in 2009. Based on economic assumptions, gas production is expected to continue until the field reaches its economic limit in 2048.

Reserves

While the exact current reserves are not specified in the sources, the field has been in production for several decades, indicating substantial initial reserves. The recovery rate suggests that a significant portion of the reserves has already been extracted.

Field Characteristics

• Water Depth: The field is located in shallow water with a depth of approximately 354 feet.
• Geological Formation: The field's reservoirs are part of the Upper Cretaceous formations, which have been subject to detailed geochemical studies to optimize well placement and production.

Ownership

The Lebada Est field is owned by OMV, with OMV Petrom SA responsible for its operation and management.

Production History and Future Outlook

The field has been in production since its development post-discovery in 1987. With peak production achieved in 2009, the field is expected to continue producing until it reaches its economic limit in 2048, based on current economic assumptions.

In summary, the Lebăda Est oil and gas field is a significant energy resource for Romania, operated by OMV Petrom SA, and is expected to continue contributing to the region's energy production for several more years.