The geological work and interpretation of the available data (geology, 2D and 3D seismic and old wells) have allowed to identify several prospects with potential resources estimated by the company at 2 billion barrels, said a press release from ONHYM issued on Wednesday, specifying that "these are potential resources and not proven reserves".

The exploration process must continue with specific additional work to better understand the petroleum system and better target the structures to be drilled, noted the same source.

Europa Oil & Gas has launched the process of finding a partner who would share the costs related to the investments of the next explorations, underlined the Office, noting that this procedure used by all companies is very common in the field of oil exploration.