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Romania is pretty much down, peaked ages ago, but with current prices anything is possible. They are even drilling in Austria again!

As a matter of fact, Romanian production could well be increased, even if they'll never return to peak production, if new investments are done to update the ancient equipment, put new competent engineers in charge, redrill old wells and drill new ones etc.

A Swedish company is doing that very thing.


Well, it's Ukraine now but used to be Romania.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Tue May 27th, 2008 at 08:42:35 PM EST
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Have they done secondary recovery? i.e. water injection, or tertiary recovery?  Usually at most 40-50% of total reserves can be extracted without secondary recovery.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu May 29th, 2008 at 12:37:27 AM EST
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