• Production potential of 1,300 boe per day confirmed by production tests
• Approximately EUR 15 million has been invested so far in the exploration phase
OMV Petrom, the largest integrated energy producer in South-Eastern Europe, announces the discovery of a new natural gas field in Spineni, located approximately 70 km northeast of Craiova. The Spineni 1 exploration well, drilled to a depth of approximately 4,800 meters, confirmed the presence of natural gas and condensate, the results being supported by production tests. Tests at the well that made the discovery indicate a production potential of 180,000 m³ of natural gas and 25 m³ of condensate per day, with a total of 1,300 boe/day. The prospect was identified based on data obtained from the Spineni 3D seismic survey, conducted in 2022 in the X Craiova perimeter.
“In 2025, we aim to invest 5.8 billion lei in Exploration and Production, almost half of this amount being allocated to onshore operations in parallel with the advancement of Neptun Deep offshore, a strategic project involving significant investments. We continue to invest to counterbalance the natural decline in production from mature fields and to explore new opportunities in the proximity of the areas where we already have operations,” said Cristian Hubati, Member of the OMV Petrom Management Board, responsible for Exploration and Production.
Tests have confirmed that the discovery is commercial, the next step is the approval of the development plan. For this onshore project, OMV Petrom has invested approximately EUR 15 million in the exploration phase.
About OMV Petrom
OMV Petrom is the largest integrated energy producer in South-Eastern Europe, with an annual group-wide crude oil and gas production of approximately 40 million boe in 2024. The Group has a refining capacity of 4.5 million tons per year and operates an 860 MW high-efficiency natural gas-fired power plant. On the retail petroleum products distribution market, the Group is present in Romania and neighboring countries through approximately 780 gas stations, under two brands – OMV and Petrom. OMV Petrom is a company in which, at the end of 2024, Romanian shareholders hold over 44% of the shares (of which the Romanian state, through the Ministry of Energy, holds 20.7%, and 23.7% are held by Romanian pension funds, to which are added almost 500,000 individual investors and other Romanian entities). OMV Aktiengesellschaft, one of the largest listed industrial companies in Austria, owns 51.2% of OMV Petrom shares, with the remaining 4.5% held by other foreign investors. Of the total OMV Petrom shares, 28.1% are freely traded on the Bucharest Stock Exchange.
