The report shows that the average Brent price was $80.34 per unit in the first quarter of 2022, 58% higher than in the first quarter of 2021 and 15% higher than in the fourth quarter of 2021.
Petrom’s total hydrocarbon production decreased by 13% to approximately 121,000 barrels of oil equivalent (boe), as per Petrom data. The total sales volume reached 116,500 boe, down 11% on the year.
Natural gas sales to third parties decreased by 8.5% versus the first quarter of 2021 to 11.65 TWh, while the net energy electrical output at Brazi declined to 0.99 TWh from 1.18 TWh.
OMV Petrom has a stock market capitalization of RON27 billion.