“Due to significant investments, which triggered several discoveries in the last years, Gorj became a top region in gas production, accounting for 40% of OMV Petrom gas production,” Gabriel Selischi, member of OMV Petrom Executive Board responsible for Upstream, said Tuesday.
The company has presented three projects in Gorj county, namely the gas delivery system in Hurezani, the development of Totea Deep field and FRD Bustuchin, with a total budget of EUR365 million for 2008-2018, out of which EUR310 million have already been invested.
Petrom, a unit of Austria’s OMV, is the largest integrated oil and gas group in South-Eastern Europe. OMV owns a 51% stake in OMV Petrom, Energy Ministry owns a 20.6% stake, Fondul Proprietatea – 19%, while a 9.3% stake is traded on Bucharest Stock Exchange.