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Aurelian Oil and Gas has chosen a location for the Q4 spudding of a well located on the Carpathian Thrust Fold Belt. The company has said the well could yield up to 100 million barrels of oil.

The London-based firm, which focuses its operations in Central Europe, and primarily in Poland, said the high-impact Bieszczady well, the first to be spudded in a three-part programme, will target a number of reservoirs.

“This is the first of [the] wells in our core Carpathian Thrust Fold Belt area that we are funded to drill and we look forward to providing further updates as we make progress with this programme in the next 18 months," Aurelian chief executive Rowen Bainbridge said.

The well will be drilled to 4,600 m over 2-3 months, and is set to be operational in December. Aurelian's subsidiary, Energia Bieszczady, has a 25 percent interest in the property. Polish Gas and Oil has a majority, 51 percent, share, and Eurogas Polska, owns the remaining 24 percent.

"There are several other similar sized prospects on trend which will be derisked in the event of the success of this first well. Using existing 2D seismic data, up to 680 million barrels of unrisked prospective resources have been mapped over prospects in the block," the company said in a statement.