Petrom pumps €800 million in Exploration & Production

Oil and gas company OMV Petrom, held by Austrian-based OMV, said it would invest around €800 million in its Exploration & Production business line, Head of Design and Engineering at Petrom, Gabriel Selischi said at a natural gas forum.“In 2009, OMV Petrom invested around one billion euro of which 60% went to Exploration and Production line. In 2010 and 2011, we plan on boosting investments in E&P. For us, tapping mature fields, as well as the reduction of pressure in deposits ...

Developed by Codecraftsman