OMV Petrom announces the completion of drilling operations at the Krum-1 exploration well, the second exploration well drilled in the Han Asparuh area, offshore Bulgaria.
Drilling operations began in February, following the completion of the Vinekh well, and have now reached the planned depth of approximately 3,500 meters, without encountering significant gas volumes.
The data collected by the two exploration wells drilled since December 2025 will contribute to deepening geological knowledge of the region. As exploration of the deep Black Sea is still at an early stage, each well provides valuable information about the characteristics of the basin’s subsurface and its future potential.
“We remain committed to our exploration strategy and continue to pursue opportunities in the offshore area of Bulgaria, recognizing the significant potential of the Black Sea basin. We recently signed a farm-in agreement for the exploration of the Han Tervel perimeter with Shell and TPAO and look forward to a successful collaboration,” said Cristian Hubati, Member of the OMV Petrom Management Board, responsible for Exploration and Production.
OMV Petrom is the largest integrated energy producer in South-Eastern Europe, with an annual group-wide crude oil and gas production of approximately 38 million boe in 2025. The Group has a refining capacity of 4.5 million tons per year and operates a high-efficiency natural gas-fired power plant of 860 MW. On the retail distribution market of petroleum products, the Group is present in Romania and neighboring countries through approximately 780 gas stations, under two brands – OMV and Petrom.
OMV Petrom is listed on the Bucharest Stock Exchange with 28.1% of freely tradable shares. At the end of 2025, Romanian shareholders held approximately 45% of the shares, of which the Romanian state held 20.7%, and 24.4% were held by pension funds in Romania, as well as other Romanian individuals and legal entities). OMV Aktiengesellschaft held 51.2% of OMV Petrom shares, and the remaining 3.7% were held by other foreign investors. OMV Petrom is one of the largest contributors to the state budget, with over 48 billion euros in taxes, duties and dividends paid between 2005 and 2025. During the same period, the company invested approximately 21 billion euros and allocated approximately 210 million euros for the development of communities in Romania, focusing on environmental protection, education, health and local development.
Our commitment to climate change mitigation is reflected in our consistent efforts to reduce our emissions, with the long-term goal of achieving net-zero emissions operations by 2050.