OMV Petrom Exploration & Production portfolio & locations
OMV Petrom Exploration & Production has operations in Romania, Bulgaria and Georgia, with a solid safety record. In 2022, Group daily production was 119.1 kboe/day. We aim to expand our portfolio through regional expansion and we will continue to optimize our operational footprint and high-grade our portfolio.
Operations in Romania
We operate 150 commercial oil and gas fields, most of them onshore but also offshore operations in the shallow waters of the Black Sea, in Romania. In 2022, the average oil and gas production in Romania was 119.1 kboe/day.
150
Fields
~6,000
Producing wells
~900
Facilities
~10,000 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. In 2016, we also started experimental production from a new discovery in Padina (Buzău), under a Joint Operation Agreement with Hunt Oil.
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. Thus, OMV Petrom’s share in the block, via OMV Offshore Bulgaria GmbH, is now 42.86%, alongside TotalEnergies (57.14%) as operator.
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. Seismic data processing is finalized (interpretation ongoing) and one potential drilling candidate has been selected to be drilled in 2023 – 2024.
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 in the Block II which 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 established an operating company in Georgia and, in 2021, proceeded with geoscientific and environmental studies. In 2023, the seismic acquisition remains on hold.