“Following the agreed principles between OMV Petrom and the Romanian state for 15 years extension of production licenses announced in the Ad hoc report dated December 10, 2025, the company’s Operating result for Q4/25 is expected to reflect an impairment of other financial assets of approximately EUR 300 mn in E&P related to abandonment obligations. In addition, in the context of this agreement triggering higher E&P taxation, and due to higher production decline for some mature fields, a net impairment of around EUR 120 mn related to E&P tangible assets is expected to be recorded in Q4/25 Operating result. These items, totalling approximately EUR 420 mn, are expected to be classified as special items. The company’s Q4/25 Clean operating result is expected not to be impacted by any of these adjustments”, reads the company’s statement.
The most important announcement made in early December 2025 for Romania energy was probably related to the extension of OMV Petrom’s poduction licenses by 15 years, coupled with a 40% increase in the royalties paid by the company.
(English version by Catalina Apostoiu)