OMV Petrom Upstream has operations in Romania and Kazakhstan, with a solid safety record. In 2017, daily production was 168 kboe/day. We aim to expand our portfolio through regional expansion.
Production in Romania
We operate ~ 200 commercial oil and gas fields, most of them onshore. We also have offshore operations in the shallow waters of the Black Sea, in Romania. In 2017, the average oil and gas production in Romania was 160.6 kboe/day.
Our production infrastructure includes thousands of wells, kilometers of pipelines and hundreds of oil and gas facilities: oil & gas processing plants, tank farms, gathering & compressors stations located in our assets.Our portfolio is quite diverse.
- Wells’ depths: The deepest well in our portfolio was drilled 7,000 meters below ground (7000 Baicoi, in Baicoi area, Prahova county). We also have wells which have a depth below 200 meters.
- Wells’ productivity: We have in our portfolio a wide range of wells in terms of productivity, from thousands of wells with a daily production below 5 boe/day up to more than 8,000 boe/day (2017 average) for our best producing well.
We have entered partnerships with international companies for 24 mature fields in PECs (Production Enhancement Contracts). While OMV Petrom continues to be titleholder, our partners operate those fields aiming to maximize production while improving efficiency. In 2016, we have also started experimental production from a new discovery in Padina (Buzau), under a Joint Operation Agreement with Hunt Oil.
Production in Kazakhstan
We operate four producing onshore oilfields Tasbulat, Turkmenoi, Aktas and Komsomolskoye. All fields are located in the Mangistau region of West Kazakhstan near the Caspian Sea. In 2017, the average oil and gas production in Kazakhstan was 7.0 kboe/day.
* Production figures for 2017