CASPIAN

 

Rompetrol To Drill Black Sea Well

Romania’s Rompetrol announced on 31 July that it is to begin drilling its first exploration well on the Focsani block in the Black Sea. Kazakh state firm KazMunaiGaz (KMG), which bought 75% of Rompetrol’s equity for $1.6bn in 2007, issued a press release saying this would be its first involvement in a well outside Kazakhstan. Rompetrol said the Kaz-1 well will be drilled in the northwestern part of the...