Romania-Insider: Romania’s OMV Petrom finds new oil reservoir in the Black Sea

OMV Petrom, the largest oil and gas producer in South-Eastern Europe found a new oil reservoir on the continental shelf of the Black Sea, according to a company announcement. This discovery comes after exploration drills by Petrom in Istria XVIII offshore shallow water perimeter.

“The Black Sea is an important area for OMV Petrom, an area which continues to have potential for new discoveries. Currently, production from shallow waters accounts for 18 percent of the company’s hydrocarbons production in Romania”, said Gabriel Selischi, member of the OMV Petrom Executive Board, responsible for Exploration and Production.

The exploration well Marina 1 was drilled 60 km from shore, in Istria XVIII Perimeter, to a depth of about 2,150 meters below the seabed. Water depth in the area is about 50 meters.
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