Petrom group’s hydrocarbon output stood at 184,000 barrels of oil equivalent per day in the first quarter, compared with 186,000 boe/day in the same period of 2011. In the last quarter of 2011, the production was of 186,000 boe/day as well.
OMV’s overall production increased compared to the previous quarter mainly due to the recovery of production in Libya, despite lower volumes in Romania and New Zealand, the Austrian group said Tuesday in its trading statement.
The cold weather in Romania had a positive impact on Petrom’s sales. Petrom’s sales volumes increased by 5% compared with the first quarter of 2011, mainly due to an increase in extraction from storage facilities. “Margins in Romania improved due to import gas stored ahead of the cold season and to some extent better domestic gas sales contracts,” OMV said.
Gas sales of Petrom amounted to 17.32 TWh in January to March, compared with 16.5 TWh in the similar period of 2011, and 16.23 TWh in the fourth quarter of last year.