BLACK SEA RESERVES AND ENERGY POTENTIAL

Abstract

The first exploration well in the Black Sea was drilled on the Golitsyn run high in 1975, almost simultaneously with the start of drilling in the North Sea. Since then, the North Sea passed through all the way to the natural decline in oil and gas production, whereas in relation to the Black Sea there is still no clear answer to the question – does it really contain projected huge reserves of hydrocarbons?

The answer to this question can only be given by drilling ultra-deep offshore wells exceeding 2.000 m deep.