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OMV Petrom makes largest crude oil discovery in decades
  + stars: | 2023-06-13 | by ( ) www.reuters.com   time to read: +1 min
BUCHAREST, June 13 (Reuters) - Romanian oil and gas group OMV Petrom (ROSNP.BX), majority-controlled by Austria's OMV (OMVV.VI), said on Tuesday it discovered new crude oil and natural gas deposits equal to about three quarters of its overall 2022 production. The deposits are the largest crude oil discovery OMV Petrom has made in decades, it said, and were found in southern Romania holding over 30 million barrerls of oil equivalent (boe) of recoverable resources. OMV Petrom has said it expected a decision around the middle of this year for the Neptun Deep gas project, estimated to cost around 4 billion euros ($4.32 billion). In May, Romanian lawmakers changed the law to enforce an additional tax on refined crude oil which applies to OMV Petrom. OMV Petrom shares were up 0.65% on the day on the Bucharest Stock Exchange by 1135 GMT.
Persons: Austria's OMV, Petrom, Cristian Hubati, Romgaz, OMV Petrom, Luiza Ilie, Jason Hovet, Alan Charlish Organizations: Bucharest Stock Exchange, Thomson Locations: BUCHAREST, Romania
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