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OMV Petrom Upstream at a glance

Oil and gas exploration and production activities

OMV Petrom is the largest energy company in Southeastern Europe, with oil and gas exploration and production activities in Romania and Kazakhstan. Every day, we produce the energy for a better life for millions of Romanians. When refined, our crude production can ensure the fuels supply for 3 million vehicles. Our gas production can cover approx. 40% of the Romanian gas demand.

Key figures*

 

566 MN boe

Proven reserves

61 MN boe

Annual production

10.9 USD/boe

OPEX

OMV Petrom operates more than 200 commercial oil and gas fields onshore and offshore. Our portfolio includes fields producing for decades, but also recently discovered fields. According to our 2021+ strategy, we aim to unlock additional resources by increasing the reserve recovery rate and to realize the full potential of our assets, while focusing on the most profitable barrels. We also aim to expand our Upstream operations in the region, in order to capture synergies with existing operations and to increase our reserves base.

*Figures for 2017