Sinoe is a producing conventional oil field located in shallow water in 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 XVIII Istria, with water depth of 354 feet. Buy the profile here.
Field participation details
The field is owned by OMV.
Production from Sinoe
The Sinoe conventional oil field recovered 88.04% of its total recoverable reserves, with peak production in 2008. The peak production was approximately 3.44 thousand bpd of crude oil and condensate and 12.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2044. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 4.34 Mmboe, comprised of 2.64 Mmbbl of crude oil & condensate and 10.20 bcf of natural gas reserves.
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 Sinoe Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
