Petrom’s daily hydrocarbon output reached 182,000 barrels of oil equivalent in the third quarter, similar to the previous quarter, but slightly down from 184,000 boe in the same period of 2011, OMV’s statement said Friday.
It said Petrom’s gas sales volumes were down 2% on the year in the third quarter to 9.24 TWh, but the margin level remained favorable.
The increase in crude prices as well as seasonally higher levels of stored gas in Petrom, have led to substantial unrealized profits (approx. EUR60 million), which will be eliminated in the consolidation line.
OMV, which owns 51% in Petrom, also noted that the gas-fired power plant in Brazi started commercial operations in August 2012.
OMV’s total production amounted to 309,000 boe per day in July to September, higher from 283,000 boe/day in the year-ago period, mainly due to a recovery of production in Yemen as well as a stronger contribution from Austria and Tunisia. However, the increase was partly offset by lower production mainly in the UK.