OMV Petrom announced it has discovered new gas resources in the immediate vicinity of the existing infrastructure in Vâlcea County. The probe was drilled in the proximity of the Mamu reservoir at a depth of about 4,400 meters and confirmed the existence of gas and condensate.

Due to the vicinity of the existing infrastructure, the well entered production at the end of October, with an initial volume of over 190,000 cubic meters/day (about 1,100 boe/day). The Mamu deposit has been in production since 1980 and has a current production of about 4,500 boe / day.

Most gas fields in Romania entered production decades ago, they are mature and their production is declining, said Peter Zeilinger, OMV Petrom’s head of Upstream. “OMV Petrom continues to invest in exploration and production activities to limit this decline and ensure supply security. In the first ten months of the year, we increased our investment by more than 40 percent over the same period last year and we plowed 89 new wells and sidetracks, which add to the EUR 9 billion already invested in Upstream in Romania, between 2005 and 2017,” added Zeilinger. The drilling investments and the connection of the Mamu well to the existing infrastructure amounted to approximately EUR 10 million.

OMV Petrom is the largest energy company in South East Europe with an annual oil and gas output of about 61 million boe in 2017.