Petrom
 |
|
| Subsidiary of OMV | |
| Traded as | : [2] |
| Industry | Oil and gas industry |
| Founded | 1991 |
| Headquarters | PetromCity, Bucharest, Romania |
|
Key people
|
Mariana Gheorghe (CEO) |
| Products |
Petroleum products Petrochemicals Microelectronics chemicals |
| Revenue |
 21.5 billion RON (€8.9 billion) (2014) |
|
2.1 billion RON (€475 million) (2014) |
|
| Total assets | 43.1 billion RON (€9.7 billion) (2014) |
|
Number of employees
|
17,799 (2014) |
| Parent | OMV (51,01%) |
| Website | www |
OMV Petrom S.A. is a Romanian integrated oil company, the largest corporation in Romania and the largest oil and gas producer in Southeast Europe. It is a subsidiary of OMV.
In late 2004, Petrom was privatized by the Romanian state and sold to Austrian oil company OMV. As of 2005[update], it was the largest privatization deal in Romania's history.
Until 2005, Petrom owned six offshore drilling platforms, of which five, GSP Atlas, GSP Jupiter, GSP Orizont, GSP Prometeu and GSP Saturn were sold to Grup Servicii Petroliere for US$100 million.
In January 2006, Petrom purchased OMV's operations in Romania, Bulgaria and Serbia and Montenegro. As a result of the transaction, 178 OMV stations were transferred to Petrom, but continued to operate under the OMV brand.
From 1 January 2010, the company changed its name to OMV Petrom.
In April 2010, OMV Petrom expanded the portfolio of its projects, in terms of electricity production, through the acquisition of 100% of the SC Wind Power Park SRL, a developer of the Dorobanţu Wind Farm.
On May 18, 2010, OMV Petrom announced the conclusion of an offshore campaign in the Lebăda Est and Lebăda Vest fields, located at the Histria block in the Black Sea. Following this offshore campaign, additional production of more than 300,000 boe was expected in 2010, from two existing wells (LO2 and LO4) and a new well drilled (LV05).
On June 1, 2010, OMV Petrom announced the start-up of the Hurezani gas delivery system, a project intended to optimize gas delivery into the national transportation network in periods when pressure in the system was very high.
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Wikipedia