OMV Petrom Upstream has operations in Romania, Bulgaria and Georgia, with a solid safety record. In 2020, Group daily production was 144.8 kboe/day. We aim to expand our portfolio through regional expansion.
Operations in Romania
We operate 193 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 2020, the average oil and gas production in Romania was 138.0 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.
We have entered partnerships with international companies for 22 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.
Operations in Bulgaria
Operations in Georgia
After being selected 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.
Block II covers a total area of 5,282 square kilometers and the water depth varies between 400 and 2,000 meters.
As an operator, OMV Petrom will establish an operating company in Georgia, proceed with geoscientific and environmental studies in 2021 and prepare for a large offshore 3D seismic campaign in 2022, which will allow for a detailed evaluation of this block’s potential.