Thursday, September 6, 2007

OMV's Retrom says several new oil and gas reservoirs discovered in Romania

VIENNA (Thomson Financial) - OMV AG's Romanian unit Petrom said that it has discovered several new oil and gas reservoirs in the country.The oil reserves discoveries at the Delta 4 site mark Petrom's first offshore exploration success in eight years and are expected to produce 2,800 barrels of oil equivalent a day, the company said.

Further oil and gas discoveries were made at four additional sites, the company said in a press release.
Petrom is 51 pct owned by Austria's OMV.

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