Brief: Deutsche Rohstoff Announces First Estimate Of How Much Oil Steig Field Could Contain

Deutsche Rohstoff AG

20/01/2020 13:25

Jan 20 (Reuters) - DEUTSCHE ROHSTOFF AG  DR0G.DE :
    * PUBLISHED A FIRST ESTIMATE OF HOW MUCH OIL STEIG FIELD
COULD
CONTAIN ACCORDING TO INTERNAL CALCULATIONS
    * AMOUNT OF OIL IN RESERVOIR IDENTIFIED BY LAST YEAR'S TEST
WELL,
AMOUNTS TO MORE THAN 114 MILLION BARREL OF OIL
    * ECONOMICALLY RECOVERABLE QUANTITIES WILL BE ESTIMATED IN
COMING
MONTHS AS PART OF A RESERVE CALCULATION
    * POTENTIAL COULD ARISE IN DEEPER LAYERS THAT ARE PRODUCTIVE
ELSEWHERE IN RHINE GRABEN
    * CURRENT ESTIMATE REFERS ONLY TO UPPER PART OF RESERVOIR,
WHICH
WAS EXPLORED BY STEIG WELL
    * STEIG FIELD WILL BE DEVELOPED IN SEVERAL PHASES
    * IN FIRST PHASE, PRODUCTION WILL START AND AT SAME TIME
FIELD
WILL BE FURTHER DEVELOPED BY MEANS OF HORIZONTAL DRILLING

Source text for Eikon:  ID:nEQ4p94t1a 
Further company coverage:  DR0G.DE 

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