The 1 Spineni exploration well, drilled to a depth of approximately 4,800 meters, has confirmed the presence of natural gas and condensate, with results supported by production testing.
Well tests proved a production potential of 180,000 m³ of natural gas and 25 m³ of condensate per day, or a total of 1,300 boe/day from the discovery well.
The prospect was identified using data from the 3D Spineni seismic survey conducted in 2022 in the X Craiova block.
Cristian Hubati, Member of the Executive Board responsible for Exploration & Production said:
- in 2025, we plan to invest 5.8 billion RON in Exploration and Production, with nearly half allocated to onshore operations - while also advancing offshore Neptun Deep, a strategic project that requires large-scale investment;
- we continue to invest in order to contain the natural decline in production from mature fields and to pursue new near-field opportunities in proximity to our existing operations.
For this onshore project, OMV Petrom has already invested approximately EUR 15 million during the exploration phase.
OMV Petrom is the largest integrated energy producer in Southeastern Europe, with an annual Group hydrocarbon production of approximately 40 million boe in 2024.
The Group has a refining capacity of 4.5 million tons annually and operates an 860 MW high-efficiency gas-fired power plant.
The Group is present on the oil products retail market in Romania and neighbouring countries through approximately 780 filling stations under two brands - OMV and Petrom.
OMV Aktiengesellschaft, one of the largest listed industrial companies in Austria, holds a 51.2% stake in OMV Petrom, and the remaining 4.5% are held by other foreign investors.
Of the total shares of OMV Petrom, 28.1% represents the free float on the Bucharest Stock Exchange.
