OMV Petrom to rejuvenate 13 small oil and gas fields in Western Romania

Oil and gas producer OMV Petrom signed a 15-year agreement with Expert Petroleum to increase production and lower costs in 13 small mature oil and gas fields in Western Romania, nearby Timisoara.The fields produce around 2,400 barrels of oil daily and some of them have been...
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E-mail article Print Save Additional News in English Još vesti na Srpskom Επιπλέον ειδήσεις στα Ελληνικά Text

OMV Petrom to rejuvenate 13 small oil and gas fields in Western Romania



Ovidiu Posirca - Business Review - 09.01.2013

Oil and gas producer OMV Petrom signed a 15-year agreement with Expert Petroleum to increase production and lower costs in 13 small mature oil and gas fields in Western Romania, nearby Timisoara.

The fields produce around 2,400 barrels of oil daily and some of them have been exploited for more than 40 years. The oil company currently gets around 1.5 percent of the daily production from these fields at costs higher above the average of the company.

Source: business-review.ro

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