Competition Council authorized the transaction through which OMV Petrom outsources some well intervention and repair services, operations related to oil and gas extraction and production activities, together with servicing assets and employees, to the consortium formed by Christof MB Well, J. Christof E&P Services and MB Well Services GmbH, Germany (Christof Consortium).

Thus, the Christof Consortium signed with OMV Petrom a framework agreement for well intervention and repair services.

Following a procurement procedure, the Christof Consortium was designated the highest ranked bidder for the Moesia production area, according to Agerpres.

The procedure involves the sale of movable property, the lease of real estate of OMV Petrom, as well as the transfer of employees to the Christof Consortium, and at the end of the framework agreement, some assets will be returned to OMV Petrom.

The Competition Council analyzed these operations and found that they do not raise significant obstacles to effective competition on the Romanian market or on a substantial part of it and that there are no serious doubts about their compatibility with a normal competitive environment.