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OMV Petrom Exploration & Production at a glance

Oil and gas exploration and production activities

OMV Petrom is the largest integrated energy producer in Southeastern Europe, with oil and gas exploration and production activities in Romania, Bulgaria and Georgia. Every day, millions of people and thousands of businesses in Romania and in the region use our energy. When refined, our crude production can ensure the supply for over 52 million car tank refills. Our gas production can cover approximately 30% of the Romanian gas demand.

Key figures*

 

380.15 MN boe

Proven reserves

~ 43.49 MN boe

Annual production

13.15 USD/boe

Production cost

OMV Petrom operates 150 commercial oil and gas fields onshore and offshore in Romania. Our portfolio includes fields producing for decades, but also recently discovered fields. 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 Exploration & Production operations in the region, in order to capture synergies with existing operations and to increase our reserves base.

*Figures for 2022