Petromar Area is a producing conventional gas field located in shallow water in Romania and is operated by OMV Petrom.
Field participation details
The field is owned by OMV.
Production from Petromar Area
The Petromar Area conventional gas field recovered 75.56% of its total recoverable reserves, with peak production in 2011. The peak production was approximately 6.11 thousand bpd of crude oil and condensate and 155 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2039. The field currently accounts for approximately 9% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 46.54 Mmboe, comprised of 9.01 Mmbbl of crude oil & condensate and 225.22 bcf of natural gas reserves. Petromar 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 company that explores for, 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. 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.
Methodology
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.