• OMV Petrom continues to expand its operations in the Black Sea region
• Exploration block covers a total area of 5,282 square km

Map source: KeyFacts Energy

OMV Petrom has been selected as the winner of the open international tender held by the Ministry of Economy and Sustainable Development of Georgia for the Offshore Block II.

Peter Zeilinger, member of the Executive Board, responsible for Upstream: 
"We continue our plans to expand our upstream activities in the Black Sea region. This is another milestone, after signing a contract to enter the Han Asparuh exploration license in offshore Bulgaria. It is a natural continuation of our more than 40 years of experience in the Romanian Black Sea waters.”

The block will be formally awarded only if negotiation of a Production Sharing Contract is successfully finalized. If so, OMV Petrom will obtain the rights to conduct oil and gas exploration activities in Block II, located on the shelf and within the economic zone of the Georgian offshore Black Sea.

OMV Petrom will carry out two- and three-dimensional seismic exploration works and in the event of finding the appropriate reserves, it will start drilling operations.

KeyFacts Energy: OMV Petrom Georgia country profile   l   KeyFacts Energy: New Kid on the Block