RE:New Tender - Excitement BuildsThis is copy and pasted from the New Tender for those of you who cannot open them from the NIS website.
In order to fulfill concession obligations regarding drilling activities in the territory of Petroleum Blocks Ex-7 Periam, EX-8 Biled and Ex-2 Tria, the company NIS Petrol SRL (NIS Petrol SRL is a Romanian legal entity, entitled to perform exploration in the Petroleum Blocks Ex-7 Periam and Ex-2 Tria according to Government Decisions no. 885/14.11.2013 and 886/14.11.2013 published with Official Gazette of Romania, Part I, no. 721 from 22.11.2013 and 1186/04.12.2013 published with Official Gazette of Romania, Part I, no. 838 from 12.12.2012 ) is planning to drill two (2) appraisal wells on geological structure Teremia North, located near the Serbian border between the existing Teremia and Cheresture fields and one (1) exploration well on geological prospect Chislaz, located within the area of Bihor County, in Chislaz commune, about 0.8 km northwest from village Chislaz and one optional well.
Exploration and appraisal wells were proposed based on complex interpretation of available geological 2D seismic data, offset well data, results obtained during drilling exploration 1000 Teremia well and based on analogy with similar geological structures and existed fields in considered areas.
The purpose of the engagement of Conventional Coring Service is to obtain „fit-to-use“ cores for the future laboratory investigations in order to obtain good quality geological information, i.e to better understand the target formations and evaluate the reservoir quality hence potential hydrocarbon productivity in the regions. Also, obtained data will be useful for the future log calibration and other geological investigations.