Prospex Energy submits EIA for drilling at El Romeral project

Prospex Energy has submitted a implicit biology interaction appraisal (EIA) for 5 caller earthy state wells astatine the El Romeral concessions to the Ministry for the Ecological Transition and the Demographic Challenge (MITECO) successful Madrid, Spain.

The institution completed the EIA consultation process, which is required for regulatory approval, without objections from immoderate of the 29 statutory consultees, according to the quality release.

These consultees included associations, section stakeholders, non-governmental organisations, regulators, residents and municipality councils.

MITECO volition present reappraisal the submitted documentation earlier making a proposal for a ministerial solution to o.k. the good permits.

The ministry has indicated that this last signifier of the support process is expected to instrumentality betwixt 90 and 180 days.

Prospex owns 100% of Tarba Energía, which operates the El Romeral site. The task includes 3 accumulation concessions, El Romeral 1, 2 and 3.

The 5 projected wells are intended to people low-risk geological structures wrong the El Romeral concessions, targeting champion estimation contingent and prospective state resources of 18.2 cardinal cubic feet (bcf).

El Romeral holds an identified assets basal exceeding 90bcf of gas.

Prospex CEO Mark Routh said: “We are delighted to beryllium making bully advancement successful the analyzable permitting process, which has present moved to the last stage.

“We stay highly assured successful the wide worth of the El Romeral plus and its aboriginal improvement imaginable and are pleased that the permitting process to drill 5 caller earthy state wells has taken a important measurement forward.

“The process to use for support to drill earthy state wells successful Spain is lengthy and complex, and arsenic we person experienced, comes with unexpected delays successful recommended timelines.

“It is simply a testament to the professionalism and prime of our squad and advisers that the EIA documentation submitted has resulted successful nary objections oregon concerns.”

During the regulatory review, Tarba has continued with preparatory enactment for drilling, including elaborate good design, sourcing indispensable long-lead items, and evaluating imaginable contractors and equipment.

The institution has besides initiated a task to grounds inheritance seismicity crossed the concessions to found baseline conditions and amusement that aboriginal operations bash not induce seismic events.

Prospex primitively filed the drilling exertion with MITECO successful May past year, on with a technological investigation of imaginable biology impacts.

The statutory EIA consultation was published successful the State Official Bulletin successful February this year, with a ceremonial consultation play ending connected 4 April 2025.