OMV Petrom: EUR 17 mn investment for new water treatment plant in Suplacu de Barcau
- Latest available technology in observance with European and national environmental standards
- Completion estimated for December 2016
OMV Petrom, the largest oil and gas producer in South-eastern Europe, started construction of a new Produced Water Treatment Plant in Suplacu de Barcau oil field. The investment for the new plant amounts to approximately EUR 17 mn and the completion is estimated for December 2016.
Suplacu de Barcau is the largest oil field in OMV Petrom’s portfolio accounting for approximately 10% of its current oil production in Romania and has been in production for over 50 years.
The existing water treatment plant was built in 1968 and will be replaced with a new plant that will use the latest available technology in the field. The new plant will have a capacity of 8,000 m³ of water/day, in line with the volume of residual water currently produced in Suplacu de Barcau oil field. The plant will ensure the quality of the treated water in observance with European and national environmental standards.
"This investment proves that despite the challenging times for the oil and gas industry, work safety and environment protection are top priorities for the company. We recognize the importance of water resources and therefore we are striving to continuously improve the efficient use of water in our operations", says Gabriel Selischi, member of OMV Petrom’s Executive Board responsible for Upstream.
The new installation is part of a significant investment program for the redevelopment of the Suplacu de Barcau field, started in 2013 and expected to be finalized in 2021. The investment program consists of 105 wells of additional drilling, implementation of the latest techniques to increase the recovery factor of hydrocarbons as well as a strong environment component that targets the reduction of emissions and increase of energy efficiency. In this regard, the company already finalized investments in oil gathering points, pipelines, a combustion gas incinerator and modernization of boilers and compressors that reduced the environmental impact of the operations.
The investments performed in the program until the end of August 2015 amounted to EUR 110 mn.
Future investments in the program will also include further incinerators as well as the modernization of oil processing and storage facilities and the potable water plant.
About OMV Petrom
OMV Petrom is the largest integrated oil and gas group in South-Eastern Europe, with an annual oil and gas production of approximately 66 mn boe in 2014. The Group has a refining capacity of 4.5 mn tons / year and operates an 860 MW high efficiency power plant and a 45 MW wind park. OMV Petrom is present on the oil products retail markets in Romania and neighboring countries through approximately 780 filling stations as of end of 2014.
OMV, one of Austria’s largest listed industrial companies, holds a 51.01% share in OMV Petrom. The Romanian state, via the Ministry of Energy, Small and Medium Enterprises and Business environment, holds 20.64% of OMV Petrom shares, the Property Fund holds 18.99% and 9.36% is free float on the Bucharest Stock Exchange.
During 2005-2014, investments for the consolidation and modernization of OMV Petrom amounted to more than EUR 11 bn. The annual direct, indirect and induced impact of OMV Petrom in Romania’s GDP is around 4.5%.
Starting 2007, OMV Petrom integrated the principles of corporate responsibility within its business strategy. In this period, the company allocated more than EUR 40 mn for the development of communities in Romania, focusing on environment protection, education, health and local development. "Andrei's School" is the main platform for community involvement.
For more details and information:
OMV Petrom Media Relations: +40 (372) 161547, email@example.com
Website: www.omvpetrom.com; www.petrom.ro