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Armax To Start Exploration Activities

Armax to start exploration activities

ACTMedia - 22 Decembrie 2010

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According to local media, the oil & gas equipment producer Armax Gaz (ARAX) signed a partnership with British oil company Zeta Petroleum to start E&P activities at the Jimbolia oil fields.

Armax holds 50% of the concession rights of the oil fields. According to prospecting works done by Zeta Petroleum the oil fields reserves are between 1.3 and 6.5 mn boe.

Sursa: http://www.rciro.ro

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