Of total output, 72,000 boe/d were crude oil and natural gas liquids (NGLs) and 84,000 boe/d represented its natural gas output.
Total hydrocarbon sales stood at 13.3 million boe in the fourth quarter, compared with 13.7 million boe in the third quarter and 14.3 million boe in the fourth quarter of 2017. The average realized crude price was $59.71 per barrel in the fourth quarter, compared with $66.35/barrel in the third quarter and $52.61/barrel in the fourth quarter the previous year.
On the downstream oil segment, OMV Petrom’s refinery utilization rate stood at 99% in the fourth quarter and total refined product sales amounted to 1.35 million tons.
Sales of natural gas to third parties totaled 9.74 Twh in the fourth quarter, and net electrical output stood at 1.48 Twh, the company said.