The South Moldova Block has been de-risked to a certain degree in the period between 1947-1972. During this period, the area has been widely explored with the number of wells drilled totalling 876. Exploration activities carried out throughout this period led to the discovery of several natural gas and oil fields. However, none of the fields were produced commercially.
The company intends to further evaluate the potential of these fields as well as carry out series of studies to identify and high grade other possible prospects within the license area.