Romanian oil company OMV Petrom confirms discovery of significant gas field near Craiova

2025-07-172 min.

OMV Petrom, Romania's largest oil and gas company, has discovered a new natural gas field in the Spineni area, about 70 km northeast of Craiova, BalkanEngineer.com has learned from a company press release. The reservoir is estimated at 180,000 m³ of gas and 25 m³ of condensate per day - the equivalent of 1,300 barrels of oil per day. The discovery was confirmed by the "1 Spineni" well at a depth of 4,800 m and 3D seismic data conducted in 2022 in the X Craiova block.

To date, OMV Petrom has invested approximately EUR 15 million in the exploration phase of the project. According to Christian Hubati, head of exploration and production, the company plans to invest close to €1.15bn in exploration and production in 2025, with a large part of the funds going to onshore operations, including Spinen, as well as the offshore Neptun Deep project in the Black Sea.

The next step is the approval of the field development plan and the start of underground development work. The discovery is expected to contribute to maintaining production levels in Romania and enrich its energy resources.

OMV Petrom's shares on the Bucharest stock exchange reacted with a slight increase after the announcement, and the company reported a net profit of 1.07 billion lei for the first quarter of 2025 - down 24% from a year earlier.

snimka2 RO