Polish article about the drilling https://wyborcza.pl/1,91446,12653049,Portugalia__230_mln_euro_na_poszukiwania_ropy_i_gazu.html
sing google translation:
Portugal. 230 million for oil and gas exploration
PAP 11/10/2012, Updated: 11/10/2012 16:20 AAA Print
Portuguese company Galp Energy and Mohave Canadian company will invest in the next five years, 230 million in oil and natural gas in central Portugal. The first wells near the town of Alcobaca already confirmed the presence of gas.
According to the company Galp Energy of the first series of wells at a depth of 2.9 thousand. m demonstrated the presence of "significant quantities" of natural gas. Make it difficult to accurately estimate the deposits contained therein salt deposits.
"Over the next two weeks, our team will attempt to drilling at a depth of 3.3 thousand. Meters. Expect there is also positive results" - said Luis Palha da Silva, vice president of Galp Energy.
He informed the representative of Portugal's most fuel-extraction, carried out jointly with the Canadians seeking raw materials for the bed "Aljubarrota 3" will cost more than 230 million euros.
"The implementation of the tasks you'll need to create in the next five years 250 new direct jobs and 1,750 indirect" - said Palha da Silva.
According to the investor confirmed the presence of gas in "Aljubarrota 3" can speed up drilling two other wells in central Portugal. They could take place in 2013
The company is looking for Mohave mineral deposits in Portugal since 1990, Canadians have seven licenses for potential deposits of oil and natural gas near the town of Alcobaca. Last year, their spending on the lookout for raw materials in the country exceeded 42 million.
Region of Alcobaca is the third area in Portugal, where Galp Energy is looking for oil and natural gas. Two other projects the company has in Portuguese waters. Other exploration work carried out by Galp Energy in Mozambique, Angola, on Timor and Brazil.
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