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OMV and Repsol Searching for Oil in Romania.

Published: February 23, 2013; 19:27 · (Vindobona)

Petrom, the Romanian subsidiary of OMV and the Spanish Repsol Group have agreed on a joint venture in Romania. Investments estimated at approximately EUR 50 mn in the next two years.

OMV and Repsol Searching for Oil in Romania. / Picture: © Vindobona.org

OMV Petrom, the largest oil and gas producer in South-Eastern Europe, signs today together with Repsol a farm-out agreement by which Repsol acquires a 49% working interest for the area deeper than 2,500 – 3,000 m of the onshore exploration blocks Băicoi V, Târgovişte VI, Piteşti XII and Târgu Jiu XIII, located south of the Southern and Eastern…

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