Drilling operations commenced in February, after completion of the Vinekh well, and has now reached planned depth of approximately 3,500 meters, however, did not encounter significant gas volumes.
The data gathered by the two exploration wells drilled since December 2025 will contribute in advancing the geological understanding of the region. As exploration in the deep Black Sea is still at an early stage, each well contributes valuable insights into the basin’s subsurface characteristics and its future potential.
“We remain committed to our exploration strategy and continue to pursue opportunities in the Bulgarian offshore, recognising the significant potential of the Black Sea basin. We recently signed a farm-in agreement for the exploration of the Han Tervel block together with Shell and TPAO, and we look forward to a successful collaboration,” said Cristian Hubati, member of the OMV Petrom Executive Board, responsible for Exploration and Production.
OMV Petrom is the largest integrated energy producer in Southeastern Europe, with an annual Group hydrocarbon production of approximately 38 million boe in 2025. 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 Petrom ended 2025 with RON36.6 billion sales revenues, up 2% on the year, but net profit slid 27% on the year to around RON3 billion, mainly due to net impairments of other financial assets and tangible assets in Exploration and Production segment, but also amid rising taxation on the upstream segment.
OMV Petrom, valued at RON63 billion, is 51.2%-owned by Austria’s OMV and 20.7% by the Romanian State, through the energy ministry.