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OMV Petrom makes a new gas discovery in Oltenia region

BLACK SEA
OIL & GAS

OMV Petrom makes a new gas discovery in Oltenia region

OMV Petrom has discovered new hydrocarbon resources in Gorj County, Oltenia, Romania. Drilling at the Totea 4461 well commenced in January 2018 and tests were conducted in April. It showed up to 500,000m³ of gas per day - Hydrocarbon Technology reports.

OMV started experimental production for testing the potential and extent of the new accumulation.

The company said that about €50m has been invested in the new well and facilities. Another €200m was spent on gas infrastructure development in the Totea area.

Development works included the drilling of five deep gas wells and construction of the 4540 Totea surface production plants.

Natural gas from the Totea gas field is transported through a 25km pipeline to the Hurezani gas hub for treatment. The gas is then delivered into the National Transportation System.

Gas production from the Totea field is expected to provide heating for more than 500,000 households.

OMV Petrom executive board member Peter Zeilinger said the Totea gas field has been one of the main contributors in the company’s portfolio over the years.

As with any oil and gas field, Totea has started to decline after the end of the plateau production level in 2017. The discovery of additional resources in the proximity of Totea field is great news for the potential of the area and will compensate some of this decline.

Peter Zeilinger, Executive Board Member, OMV PETROM

OMV Petrom is claimed to be the largest energy firm in Southeast Europe, with an annual hydrocarbon production of 58.3 million barrels of oil equivalent (BOE) in 2018.

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