Canadian exploration and production company Central European Petroleum (CEP) has made a significant oil discovery in its fully owned and operated Wolin East 1 (WE1) well…
Canadian exploration and production company Central European Petroleum (CEP) has made a significant oil discovery in its fully owned and operated Wolin East 1 (WE1) well, located in the Baltic Sea, offshore Poland.
The WE1 well was drilled using Noble Corporation’s Noble Resolve jack-up rig in waters 9.5 meters deep and reached a vertical depth of 2715 meters.
Tests confirmed a 62-meter hydrocarbon column and excellent reservoir properties for oil and gas production in the Main Dolomite geological formation, according to the company.
The Wolin East oil discovery is estimated to contain mean recoverable oil, sales gas and natural gas liquids totalling 200 million barrels of oil equivalent (mmboe).
There is also significant further low-risk exploration, appraisal and secondary recovery potential within the license in the Main Dolomite as well as in the deeper Rotliegend formation.
With these opportunities included, the Wolin license in total is estimated to contain more than 400 mmboe of recoverable hydrocarbon resources, which constitutes the largest conventional hydrocarbon field yet discovered in Poland, and one of the largest conventional oil discoveries in Europe in the past decade, CEP claims.
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