OMV Petrom and Hunt Oil Company Romania, a subsidiary of US Hunt Oil, are drilling on the Adjud and Urziceni Est blocks in eastern Romania, with an investment of some EUR25 million.
Hunt Oil Company is one of the largest independent oil companies in the world, mainly active in the exploration and production of crude oil and natural gas.
OMV Petrom is the largest Romanian company listed on the Bucharest Stock Exchange. It is 51% owned by Austrian group OMV.