OMV Petrom hydrocarbon production falls 2.2 pct in Q2 y-o-y

Newsroom 19/10/2015 | 15:34

Hydrocarbon production of OMV Petrom decreased by 2.2 percent in the third quarter compared with the same period of last year, to 174,000 barrels of oil equivalent (boe) per day in the context of scheduled jobs on some of the company’s important wells, Mediafax informs.

Between July and September of last year, the company recorded a production of 178,000 boe per day.

In the second quarter of this year, OMV Petrom reported a hydrocarbon production of 181,000 barrels of oil equivalent per day, after 184,000 boe per day in the first three months of the year.

At group level, production decreased by 6.1 percent in the third quarter to 292,000 boe per day from 311,000 boe per day in the same period of the previous year.

“The decrease was due to lower production contributions in Romania, where planned works to important wells were executed, and production in Norway (…). The sales volume was 7 percent below that of the previous quarter, mainly due to lower production in Norway and Romania,” reads a report of the Austrian group OMV.

Natural gas sales volume of OMV rose in the third quarter to 20.36 TWh, from 19.5 TWh during the same period of the previous year.

Net production of electricity increased in the third quarter as a result of an improved situation in the markets of Turkey and Romania.

OMV Petrom is owned by OMV Group with a 51 percent stake. The Romanian state, through the Ministry of Energy has a stake of 20.63 percent and Fondul Proprietatea (FP) 18.99 percent, while the remaining shares are held by other shareholders.

Natalia Martian

BR Magazine | Latest Issue

Download PDF or read online: December 2022 Issue | Business Review Magazine

The December 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Xclusiverse: Going Beyond the Traditional Ways of Doing Business.”
Newsroom | 19/12/2022 | 18:45

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue