OMV Petrom, the largest integrated energy producer in South-Eastern Europe, announces the discovery of a new natural gas field in Spineni, located approximately 70 km northeast of Craiova. The company announces that it will invest 5.8 billion lei in Exploration and Production (E&P) in 2025.

The Spineni 1 exploration well, drilled to a depth of approximately 4,800 meters, confirmed the presence of natural gas and condensate, the results being supported by production tests.

Tests at the well that made the discovery indicate a production potential of 180,000 cubic meters of natural gas and 25 cubic meters of condensate per day, with a total of 1,300 boe/day.

The prospect was identified based on data obtained from the Spineni 3D seismic survey, conducted in 2022 in the X Craiova perimeter.

“In 2025, we aim to invest 5.8 billion lei in Exploration and Production, almost half of this amount being allocated to onshore operations in parallel with the advancement of Neptun Deep offshore, a strategic project involving significant investments. We continue to invest to counterbalance the natural decline in production from mature fields and to explore new opportunities in the proximity of the areas where we already have operations,” said Cristian Hubati, Member of the OMV Petrom Management Board, responsible for Exploration and Production.

Tests have confirmed that the discovery is commercial, the next step is the approval of the development plan.

For this onshore project, OMV Petrom has invested approximately EUR 15 million in the exploration phase.