- Visualisation Centre facilitates better interpretation of geological data and improved design of exploration and production operations for technical teams
- It is the most advanced centre of this kind in Europe
- The new technology allows faster decision making and better investment risk mitigation
- Approximately EUR 500,000 invested in the facility
OMV Petrom, the largest oil and gas producer in South-Eastern Europe, inaugurated today the first 3D Visualisation Centre in Romania. The centre allows engineers to view the geological images of oil and gas reservoirs on a 4 metre-wide screen, in 3D. The Visualisation Centre is located in Petrom City and it is the first of this kind within the OMV group and the most advanced in Europe.
The 3D Visualisation Centre ensures a better understanding of the subsurface by generating 3D images based on the information gathered via 3D seismic and engineering studies.
Gary Ingram, Director in the Exploration and Production business division: "The new Visualisation Centre enables better and higher quality analysis of geological and engineering data. We can see information down to the smallest detail and the 3D visualization can help prevent omissions and errors in data analysis. Also, the Visualisation Centre encourages collaboration between different stakeholders, from geologists to exploration specialists and drilling engineers, therefore allowing faster decision making. In the past, it could take 3 weeks to make a decision using traditional methods, now I hope we will be able to do that after just one meeting with all parties in the 3D Visualisation Centre".
The investment in the 3D Visualisation Centre adds up to approximately EUR 500,000. This covers the setup of the special room, the acquisition and installation of the 3D screen, projector, mirror and dedicated software. Data projected on the 3D screen is produced by dedicated reservoir modelling software.
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. The Group has a refining capacity of 4.2 mn tons / year and owns 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 neighbouring countries through approximately 800 filling stations.
OMV, Austria’s largest listed industrial company, holds a 51.01% share in OMV Petrom. The Romanian state, via the Ministry of Economy, holds 20.64% of OMV Petrom shares, the Property Fund holds 18.99% and 9.36% is free float on the Bucharest Stock Exchange.
In the last nine years investments for the consolidation and modernization of OMV Petrom amounted to EUR 10 bn. The annual direct, indirect and induced impact of OMV Petrom in Romania’s GDP is around 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.