OMV Petrom wins tender for offshore Georgia block

July 6, 2020
Georgia’s Ministry of Economy and Sustainable Development has offered OMV Petrom offshore block II in the eastern Black Sea, following an international tender.

Offshore staff

BUCHAREST, Romania – Georgia’s Ministry of Economy and Sustainable Development has offered OMV Petrom offshore block II in the eastern Black Sea, following an international tender.

A formal award for the exploration block, which covers a total area of 5,282 sq km (2,039 sq mi), will follow finalization of term for a production-sharing contract.

OMV Petrom is currently active in the Romanian sector of the Black Sea, with exploration, development, and production operations in the shallow-water Istria block, and exploration for gas in partnership with ExxonMobil in the deepwater Neptun Deep concession.

The facilities in Istria produce around 25,000 boe/d of oil and gas and last year accounted for around 17% of the company’s production in Romania.

07/06/2020