OMV Petrom Begins Experimental Production at Romania Well
October 08 2019 - 9:36AM
Dow Jones News
By Carlo Martuscelli
Romania's OMV Petrom SA (SNP.RO) said Tuesday that it has begun
experimental production at a gas well near the already-producing
Totea field in the country.
The Bucharest-listed company said the drilling of the Totea 4461
well started in January 2018. It was then tested April this year,
and has since begun experimental production to test its
potential.
The total invested in the new well amounts to about 50 million
euros ($54.9 million), Petrom said. Another EUR200 million was
spent on the gas infrastructure in the Totea area.
Petrom is majority owned by Austrian energy company OMV AG
(OMV.VI).
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
October 08, 2019 09:21 ET (13:21 GMT)
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