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 800 barrels per day (130 m3/d).[1]

Pâncota
CountryRomania
RegionArad County
Offshore/onshoreonshore
OperatorUniversal Premium
Field history
Discovery2012
Start of development2012
Start of production2014
Production
Current production of oil800 barrels per day (~40,000 t/a)
Estimated oil in place1.5 million tonnes
(~ 1.7×10^6 m3 or 11 million bbl)

References

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