Petrom licenses up to 30 onshore productive fields of 240 million Euro
2014-12-01 12:34:11 - From the Print Edition
Petrom, the only Romanian local producer of oil and gas announced in late November that would sell exploitation licenses for 30 onshore production sites. Given the current price of a barrel of oil and the total production of the company last year, the production value of the 30 blocks can be estimated at over 24 million Euro. "As part of the portfolio optimization fields, OMV Petrom is considering the transfer of operating licenses for 30 onshore production fields," said Petrom's representatives in a press release quoted by Ziarul Financiar. The deposits are located in different areas of the country. They have a marginal contribution to the total production of exploration and production division of OMV Petrom (aggregate to 0.6 per cent of production), but they may bring potential for other companies, which could improve the performance of deposits by applying different production technologies by increasing efficiency," they added.
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