trending Market Intelligence /marketintelligence/en/news-insights/trending/3sstwkcdmhwcw_led93efa2 content esgSubNav
In This List

OMV Petrom begins production at new well in Romania's Lebada Vest field

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Insight Weekly: Cryptocurrency's growth; green bond market outlook; coal investors' windfall

Blog

Insight Weekly: Challenges for European banks; Japan's IPO slowdown; carmakers' supply woes

Blog

Infographic: Q4’21 US Battery Storage by the Numbers


OMV Petrom begins production at new well in Romania's Lebada Vest field

OMV Petrom SA has started production from a new multilateral offshore well in Romania's Lebada Vest field, the biggest offshore oil field in Romania currently in production.

Drilling work on the well, LVO7, began in February, according to an Aug. 9 news release. Initial production at the well is pegged at 1,700 barrels of oil equivalent per day.

OMV Petrom's investment for drilling the well and connecting it to existing infrastructure is about €30 million.

OMV Petrom, a subsidiary of Austria's OMV AG, operates as an integrated oil and gas company in southeast Europe.