- Production potential of 1,300 boe per day proven by well test
   - Around EUR 15 million invested until now during the exploration phase

OMV Petrom, the largest integrated energy producer in Southeastern Europe, announces the discovery of a new natural gas reservoir in Spineni, located around 70 km north-east of Craiova.

The 1 Spineni exploration well, drilled to a depth of approximately 4,800 meters, has confirmed the presence of natural gas and condensate, with results supported by production testing.

Well tests proved a production potential of 180,000 m³ of natural gas and 25 m³ of condensate per day, or a total of 1,300 boe/day from the discovery well.

The prospect was identified using data from the 3D Spineni seismic survey conducted in 2022 in the X Craiova block.

“In 2025, we plan to invest 5.8 billion RON in Exploration and Production, with nearly half allocated to onshore operations — while also advancing offshore Neptun Deep, a strategic project that requires large-scale investment. We continue to invest in order to contain the natural decline in production from mature fields and to pursue new near-field opportunities in proximity to our existing operations”, said Cristian Hubati, Member of the Executive Board responsible for Exploration & Production.

Testing has confirmed that the discovery is commercially viable, the next step is the approval of the development plan.

For this onshore project, OMV Petrom has already invested approximately EUR 15 million during the exploration phase.

About OMV Petrom

OMV Petrom is the largest integrated energy producer in Southeastern Europe, with an annual Group hydrocarbon production of approximately 40 million boe in 2024. The Group has a refining capacity of 4.5 million tons annually and operates an 860 MW high-efficiency gas-fired power plant. The Group is present on the oil products retail market in Romania and neighbouring countries through approximately 780 filling stations under two brands – OMV and Petrom.

OMV Petrom is a company in which, as of end-2024, Romanian shareholders hold over 44% of the shares (of which the Romanian state, through the Ministry of Energy, holds 20.7%, and 23.7% are owned by pension funds in Romania, to which are added almost 500,000 individual investors and other Romanian entities). OMV Aktiengesellschaft, one of the largest listed industrial companies in Austria, holds a 51.2% stake in OMV Petrom, and the remaining 4.5% are held by other foreign investors. Of the total shares of OMV Petrom, 28.1% represents the free float on the Bucharest Stock Exchange.

OMV Petrom is one of the largest contributors to the state budget, with around 44 billion euro in taxes and dividends paid between 2005 and 2024. During the same period, the company invested approximately 20 billion euro.

Since 2007, OMV Petrom has included corporate responsibility principles into its business strategy. Between 2007 and 2024, the company has allocated around 190 million euro to develop communities in Romania, focusing on environmental protection, education, health, and local development.

Our commitment to climate change mitigation is reflected by our consistent efforts to reduce our emissions, with the long-term goal to achieve net zero operations by 2050.