Oltenia Area is a producing conventional gas field located onshore Romania and is operated by OMV Petrom. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block RG 08 Oltenia. Buy the profile here.
Field participation details
The field is owned by OMV.
Production from Oltenia Area
The Oltenia Area conventional gas field recovered 74.97% of its total recoverable reserves, with peak production in 2015. The peak production was approximately 288.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2097. The field currently accounts for approximately 12% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 61.75 Mmboe, comprised of 370.47 bcf of natural gas reserves. Oltenia Area conventional gas field reserves accounts 0.02% of total remaining reserves of producing conventional gas fields globally.
About OMV Petrom
OMV Petrom SA (OMV Petrom), a subsidiary of OMV AG, is an integrated energy Southeastern Europe. It explores, develops and produces crude oil and natural gas. The company processes and refines crude oil and sells refined products. Its petroleum products include gasoline, diesel, kerosene, jet fuel, heavy fuel oil, liquefied petroleum gas, petroleum coke and others. It is a reliable power supplier to more than 800 companies in Romania and extends its services to Hungary and Bulgaria. The company serves transportation, agriculture, construction, public and civil authorities, aviation, natural gas and business sectors. The group is present in the oil products retail market through a network of filling stations across Romania, Moldova, Bulgaria and Serbia. OMV Petrom is headquartered in Bucharest, Romania.
For more details on the Oltenia Area Conventional Gas Field, buy the profile here.