Portfolio & locations
OMV Petrom Exploration & Production has operations in Romania, Bulgaria and Georgia. We aim to grow our portfolio through regional expansion and we will continue to optimize our operational footprint and high-grade our portfolio.
Operations in Romania
We operate 152 commercial oil and gas fields, most of them onshore but also offshore operations in the shallow waters of the Black Sea, in Romania. In 2023, the average oil and gas production in Romania was 113.3 kboe/day.
152
Fields
~6,000
Producing wells
~1000
Facilities
~9,000 KM
Pipelines
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.
We have entered partnerships with international companies for 20 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.
International operations:
Bulgaria
In August 2020, OMV Petrom acquired 100% of the shares in OMV Offshore Bulgaria GmbH and therefore entered the 1-21 Han-Asparuh exploration block in Bulgaria. In 2023, we took over operatorship and we will continue exploration activity in the Han Asparuh block in Bulgaria.
1-21 Han-Asparuh is located in the Western Black Sea in Bulgaria, south of the Neptun Deep Block in Romania and has an area of 13,819 km² with maximum water depths of over 2,000 m. Exploration activities started in 2012 and included geological and geophysical surveys and the drilling of three exploration wells. An extensive 3D seismic campaign was finalized in May 2020 covering 5,614 km².
Georgia
After being selected as the winner of an open international tender, in March 2021, OMV Petrom signed a Production Sharing Contract (PSC) for the offshore Block II in the exclusive economic zone of Georgian Black Sea.
The PSC allows exploration, development and production activities of hydrocarbon resources in the Block II which covers a total area of 5,282 square kilometers, with water depths between 400 and 2,000 meters.
As operator, OMV Petrom established an operating company in Georgia and, in 2021, proceeded with geoscientific and environmental studies. In 2023, the seismic acquisition remains on hold.
