Project Profile
Value: US$115.7 million
Location: Eastern county of Braila, onshore Romania
Reserves: 37.2 million barrels
Discovery: 1958
Start-up Year: -1960
The Oprişeneşti oil field is an oil field located in Ianca, Brăila County, Romaina. It was discovered in 1958 and developed by Petrom. It began production in 1960 and produces oil. The total proven reserves of the Oprişeneşti oil field are around 37.2 million barrels, and production is centered on 1,600 barrels per day (250 m3/d). OMV Petrom invested about US$115.7 million by the end of 2013 to redevelop its Oprisenesti oil field. The project targets unlocking additional oil reserves of 8 million barrels of oil equivalent. OMV Petrom is constantly investing in new technologies and secondary recovery methods to redevelop mature fields in Romania. Oprisenesti is a mature oil field, in production for almost 50 years, with a daily production of around 2% of the total oil production of Petrom in Romania. The redevelopment project entails drilling 30 new wells, as well as the construction of a water treatment station, a new pipeline transport network and three new pump stations. Oprisenesti is one of the six redevelopment projects Petrom plans to implement between 2013 and 2015. Petrom is 51.01% owned by Austrian oil and gas group OMV AG, while the Economy Ministry holds a 20.64% stake.
Operators:
OMV Petrom: Operator with 100% interest