OMV Petrom has reported the discovery of a new natural gas reservoir in Romania, at Spineni, located around 70 km north-east of the city of Craiova."The 1 Spineni exploration well, drilled to a depth of approximately 4,800 metres, has confirmed the presence of natural gas and condensate, with results supported by production testing. Well tests proved a production potential of 180,000 cubic metres of natural gas and 25 cubic metres of condensate per day, or a total of 1,300 boe/day from the discovery well. The prospect was identified using data from the 3D Spineni seismic survey conducted in 2022 in the X Craiova block.Testing has confirmed that the discovery is commercially viable, the next step is the approval of the development plan," the company said in a press statement released on Thursday.For this onshore project, OMV Petrom has already invested approximately EUR 15 million during the exploration phase."In 2025, we plan to invest RON 5.8 billion in Exploration and Production, with nearly half allocated to onshore operations - while also advancing offshore Neptun Deep, a strategic project that requires large-scale investment. We continue to invest in order to contain the natural decline in production from mature fields and to pursue new near-field opportunities in proximity to our existing operations," according to Cristian Hubati, Member of the Executive Board responsible for Exploration & Production.OMV Petrom is the largest integrated energy producer in Southeastern Europe, with an annual group hydrocarbon production of approximately 40 million boe in 2024.The Group is present on the oil products retail market in Romania and neighbouring countries through approximately 780 filling stations under two brands - OMV and Petrom.
The Romanian Senate adopted a draft law that automatically extends provisional protection orders and increases penalties for violating them on Monday, October 27. A total of 120 votes were recorded in favor. The bill extends provisional protection until the resolution in the first instance of the request for it, amending Law no. 217/2003 on preventing […]
BraveX Aero, a Romanian manufacturer of fixed-wing, long-range drones, announced on Tuesday, October 28, the signing of a strategic partnership with Germany’s Uniq Things UG, a technology company specializing in autonomous coordination and software for drone swarms. The technology allows for the simultaneous deployment of multiple drones, contributing to increased information and response capabilities for […]
The medieval citadel of Sighişoara, in central Romania, will host the first edition of the “Halloween in the Citadel” festival. The event will take place this weekend, between October 31 and November 2. The entire city center will be decorated in the spirit of Halloween with the ocassion. The towers and historic houses inside the […]
Romania ranks among the European Union countries with the highest share of people living in severely inadequate housing, according to new data compiled by Monitorul Social, a project of the Friedrich-Ebert-Stiftung Romania, based on Eurostat figures for 2023–2024. The report showed that 9.6% of Romania’s population lives in conditions classified as “severe housing deprivation,” meaning...
Haier Tech Europe is selling its manufacturing plant near Ploiești, in Romania’s Prahova county, as part of a broader restructuring of its European production network. The company has appointed real estate consultancy Colliers as the exclusive consultant for the transaction. The decision follows Haier’s recent strategic review, which led to the discontinuation of operations at […]
Romanian agricultural company Agroserv Măriuța, owner of the Lăptăria cu Caimac brand, announced the launch of a private placement for a new corporate bond issue with a value of up to EUR 3 million on Tuesday, October 28. Denominated in euros, the bonds will have a nominal value of EUR 100 each, a fixed annual […]
