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OMV Petrom S.A. is a Romanian integrated oil company, controlled by Austria's OMV. [1] It is one of the largest corporations in Romania and the largest oil and gas producer in Southeast Europe. [2] Since 2004 it is a subsidiary of OMV. [3] With 2022 profits of EUR 12.5 billion, as of 2023, OMV Petrom is the largest company in Romania. [4]
It is also the most efficient refinery in Romania having a Nelson complexity index of 11.4. [1] Between 2005 and 2022, OMV Petrom invested over €2bn in the Petrobrazi refinery. A third of this investment contributing to reducing environmental impact. [2] In 2019, a Polyfuel unit was installed at the refinery.
Petrom: 70 Bcf (2013) 30 Mcf (2013) [48] Doina: Black Sea 1990 1995 Petrom 200 Bcf (2008) 17.7 Mcf (2008) [49] Domino Black Sea 2012 2020 Petrom, ExxonMobil 1.46 Tcf (2020) 630 Mcf (2020) [50] [51] East Cobălcescu Black Sea 2013 2018 PetroCeltic 491 Bcf (2018) 200 Mcf (2018) [52] Florina Black Sea 2010 2015 Sterling Resources 77 Bcf (2015) 11 ...
Location of Romania. Romania is a sovereign state located in Southeastern Europe.Following rapid economic growth in the early 2000s, Romania has an economy predominantly based on services, and is a producer and net exporter of machines and electric energy, featuring companies like Automobile Dacia and OMV Petrom.
Romania's extensive refining capacity surpasses its domestic demand for refined petroleum products, enabling the country to engage in substantial exports of various oil products and petrochemicals. This includes, but is not limited to, lubricants, bitumen, and fertilizers, distributed across the eastern European region.
The Petrom Brazi Power Station is one of the largest electricity producers in Romania, having 2 natural gas-fired groups of 430 MW [1] each, totalling an installed capacity of 860 MW and an electricity generation capacity of around 6 TWh/year. The power plant is situated in Prahova County (southern Romania) near Petrom's refinery in Brazi.
The owning company Petrom will invest €200 million in the redevelopment of the Suplacu de Barcău oil field and a further 70 million barrels (10.24×10 6 tonnes) of oil will be made available thus increasing the total reserves at 310 million barrels (29.26×10 6 tonnes). [2]
The Totea gas field is a natural gas field located in Licurici, Gorj County, Romania.When discovered in 2011, it was the largest gas deposit found in the country since 2005, [1] with initial total proven reserves of around 360 billion ft 3 (10 km 3).