OMV Petrom starts production at new offshore oil rig in the Black Sea
The largest Romanian oil and gas group, OMV Petrom, controlled by Austrias OMV, has started production at a new offshore oil rig in the Black Sea from Lebda Vest deposit, with a daily output of 1,000 boe, the company said in a press release.
LVO7 is the first multilateral well drilled in Romania. Multilateral completion systems allow the drilling and completion of multiple lateral boreholes within a single main bore.
OMV Petrom has invested around EUR 30 million in the new offshore drilling, which include two sections under the seabed of 3,200 meters and 2,200 meters, respectively.
Lebda Vest, an oil deposit discovered in 1984, is Romanias larges offshore oil deposit under current production.
In September 2017, OMV Petrom has kicked of a new drilling campaign in the Black Sea, which will require investments of EUR 70 million by ....