The companies will start analysing opportunities for cooperation in the prospective offshore blocks in the Ukrainian Black Sea.
Otto Waterlander, Chief Operating Officer of Naftogaz, said:
- With the award of substantial license potential in the offshore Black Sea, Yuzivska and remaining potential in West Ukraine, Naftogaz now is accelerating its investment plans
- Attracting international investors is an important contributor to achieve gas independence for Ukraine by 2030
We believe OMV Petrom is a valuable and reputable partner who brings investment capacity, expertise and relevant experience in the region
The company discovered Neptun field in the Black Sea, has experience in offshore drilling and has a proven record of successfully exploiting the onshore resources of the Carpathian region in Romania, which share a common geological history with the Carpathian region in Ukraine
- Our strategy is to expand our activities in the Black Sea region
- Ukraine is a natural step for assessing opportunities in the area, as the country hosts one of the largest potentials for gas production in Europe
- We are pleased to start exploring ways of working together with Naftogaz and are focused on efficient, mutually beneficial cooperation to advance some of these opportunities
In 2020, Naftogaz produced 13.45 bcm of commercial gas.
This is 73% of all natural gas production in Ukraine.
Romania´s OMV Petrom is the largest integrated energy company in South-Eastern Europe, with an annual Group hydrocarbon production of 53 million boe in 2020.
The Group has a refining capacity of 4.5 million tons annually and operates an 860 MW high efficiency power plant.