OMV Petrom S.A. reached an agreement for the transfer of licenses for 9 onshore oil and gas fields in Romania to Mazarine Energy Romania S.R.L., a fully owned subsidiary of Mazarine Energy B.V. (Mazarine Energy).

The agreement follows a successful completion of the transfer of 19 onshore oil and gas fields from OMV Petrom to Mazarine Energy in August 2017.

The new 9 fields to be transferred are located in the Moldova area. They have a total oil and gas production of around 1,000 boe/day. Mazarine has identified synergies with existing operations together with upside potential to further extend the fields life.

Edward van Kersbergen, Founder and CEO of Mazarine Energy, said: “After successful completion of the first round, this is a logical next step, in line with our strategy to grow Mazarine’s operations in Romania. We look forward to expanding our business and creating value through additional development of these fields.”

About Mazarine Energy

Mazarine Energy is a subsurface-driven private oil and gas exploration and production company focused on early-stage exploration and field development. The company is currently active in North Africa, where it has a majority operating interest in an onshore license in central Tunisia and in Western Australia, where it is partnering in a consortium in the exploration and development of an onshore tight gas field in the North Perth Basin. Mazarine Energy is actively reviewing additional opportunities in Europe, North Africa, Asia and Australia.

About OMV Petrom

OMV Petrom is the largest integrated oil and gas group in South-Eastern Europe, with an annual oil and gas production of approximately 65 mn boe in 2015. The Group has a refining capacity of 4.5 mn tons / year and operates an 860 MW high efficiency power plant and a 45 MW wind park. OMV Petrom is present on the oil products retail markets in Romania and neighboring countries through approximately 800 filling stations as of end of 2015.

OMV, one of Austria's largest listed industrial companies, holds a 51.01% share in OMV Petrom. The Romanian state, via the Ministry of Energy, Small and Medium Enterprises and Business Environment, holds 20.64% of OMV Petrom shares, Fondul Proprietatea (Restitution Funds) holds 18.99% and 9.36% is free float on the Bucharest Stock Exchange.