EurOil: OMV Petrom finds large oil deposits in southern Romania

OMV Petrom, the largest integrated energy company in Southeast Europe, has announced the discovery of new crude oil and natural gas resources in the Oltenia and Muntenia regions of southern Romania.

“The new discoveries will contribute to reducing the decline of our production and to the continuity of the supply of essential products for the economy,” stated Cristian Hubati, member of the OMV Petrom executive board, responsible for exploration and production.

Cumulatively, the discovered deposits hold over 30mn barrels of oil equivalent (boe) of recoverable resources, equivalent to around three-quarters of OMV Petrom’s 2022 production.

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