OMV Petrom invests EUR 90 mln in Oprisenesti oil field rejuvenation

Oil major OMV Petrom will invest EUR 90 million in the redevelopment of the Oprisenesti oil field in south-east Romania that will unblock 8 million barrels of oil in additional resources.

Oprisenesti has been in production for almost 50 years and accounts for around 2 percent of Petrom’s total daily production in Romania.

Johann Pleininger, executive board members at OMV Petrom, responsible for Exploration and Production, said: “OMV Petrom is constantly investing in new technologies and secondary recovery methods to redevelop mature fields in Romania in order to improve the oil and gas recovery rate and stabilize production levels.”

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The redevelopment program involves the drilling of 30 wells and the construction of a water treatment station. The company will also build a new pipeline transport network and three new pump stations. 

OMV Petrom said it will invest around EUR 400 million in six mature oil fields to increase production through to 2015.

Ovidiu Posirca