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Romania's OMV Petrom reports new gas discovery in Oltenia, South Romania

de Editorial Staff     HotNews.ro
Miercuri, 9 octombrie 2019, 9:22 English | Business


Tevi gaze
Foto: OMV Petrom
Energy company OMV Petrom has reported the discovery of a new hydrocarbon deposit in Gorj county in the Southern Romanian region of Oltenia.

The resources are located in the proximity of the producting field at Totea.

Peter Zeilinger, OMV Petrom Executive Board member responsible for Upstream, quoted in a press release:
  • "Over the years, the Totea gas field has been one of the main contributors in our portfolio. As with any oil and gas field, Totea has started to decline after the end of the plateau production level in 2017. The discovery of additional resources in the proximity of Totea field is great news for the potential of the area and will compensate some of this decline".

According to the press release:
  • The drilling of the well Totea 4461 was started in January 2018 and reached final depth in September of the same year. The well was successfully tested in April 2019 up to 500,000 cubic meter of gas per day. Tie in to the Totea facilities through a new built pipeline was achieved in less than a year and the experimental production to test the potential and extent of the new accumulation has been started.
  • Investments in the new well and facilities amount to approx. 50 million euro. This is in addition to the 200 million euro already spent since 2011 for the development of the gas infrastructure in the Totea area. Development works included drilling of five deep gas wells and construction of the 4540 Totea surface production facilities.


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