OMV Petrom discovers new natural gas reservoir in Spineni, Romania

Romania-based OMV Petrom has discovered a new natural gas reservoir in Spineni, marking a notable development in Southeastern Europe's energy sector.

Located approximately 70km north-east of the southwestern city of Craiova, the discovery was made at the 1 Spineni exploration well, which was drilled to a depth of around 4,800m.

The exploration well has confirmed the presence of natural gas and condensate, with production testing supporting the findings.

Well tests have indicated a production potential of 180,000m³ of natural gas and 25m³ of condensate per day.

This translates to a total of 1,300 barrels of oil equivalent per day from the discovery well, signifying a substantial addition to the region's energy resources.

OMV Petrom Exploration & Production executive board member Cristian Hubati said: "In 2025, we plan to invest 5.8bn lei in exploration and production, with nearly half allocated to onshore operations, while also advancing offshore Neptun Deep, a strategic project that requires large-scale investment.

"We continue to invest to contain the natural decline in production from mature fields and to pursue new near-field opportunities in proximity to our existing operations."

The prospect was initially identified using data from the 3D Spineni seismic survey, which was conducted in 2022 within the X Craiova block.

The testing phase has established the commercial viability of the discovery, allowing the approval of a development plan to exploit the reservoir.

During the exploration phase of this onshore project, OMV Petrom has invested approximately €15m ($17.6m).

The discovery of this new natural gas reservoir is poised to contribute significantly to the local and regional energy supply.

In March, OMV Petrom and ROMGAZ started drilling at the Neptun Deep project, which is claimed to be the largest natural gas project in the Romanian Black Sea and the country’s first deepwater offshore project.

"OMV Petrom discovers new natural gas reservoir in Spineni, Romania" was originally created and published by Offshore Technology, a GlobalData owned brand.

The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.