Country Report

Romania upstream summary

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13 May 2019

Romania upstream summary

Report summary

Romania is central and eastern Europe's largest oil and second largest gas producer. Local companies Romgaz and OMV Petrom are responsible for over 90% of production, with the majority coming from the onshore. However, two offshore projects will reverse the recent decline in gas production, leading Romania to become a net exporter during the next decade: ExxonMobil's Neptun Deep and Black Sea Oil and Gas' Midia Gas development.

Table of contents

  • Executive summary
  • Key facts
  • Location maps
    • OMV Petrom
    • Romgaz
    • Offshore operators
    • Onshore operators
    • Other historical interests
    • Geology Introduction
    • Hydrocarbon Provinces
      • External Eastern/Southern Carpathians
      • Transylvanian basin
      • The Foreland basins
      • The Pannonian basin
      • The Black Sea
      • Coalbed Methane
    • Licensing
    • Licensing rounds
      • 11th licensing round
      • Previous rounds
      • Marginal fields
    • Drilling
      • Drilling activity
      • Future exploration
      • Historical exploration activity
      • Coalbed methane
      • Shale gas
  • Reserves and resources
    • Oil/liquids
      • Historical liquids production
      • Quality
    • Gas
      • Future gas production
      • Historical gas production
      • Quality
    • Oil infrastructure
      • Pipelines
      • Refineries
    • Gas infrastructure
      • Domestic pipelines
      • Import and transit pipelines
      • Interconnectors
    • Projects of common interest
      • BRUA
      • Eastring
      • Storage
      • LNG
    • Introduction
    • Capital costs
      • Capital expenditure by location
    • Operating costs
      • Operating expenditure by location
    • Key legislation
      • Access to data and information
      • EU Membership
    • Regulatory body
    • State oil company
    • State participation
    • Licensing
    • Gas price deregulation
    • Overview
    • Upstream
    • Mid/Downstream
      • Pipelines
      • Gas Utilisation
    • Current fiscal terms
      • Basis
      • Government equity participation
      • Bonuses, rentals and fees
      • Indirect taxes
      • Other indirect taxes
      • Royalty
      • Corporate income tax
      • Gas windfall tax
      • Excess revenue tax
      • Fiscal treatment of decommissioning
      • Product Pricing
      • Summary of modelled terms
      • Sample cash flow
    • Historical background
      • Indirect taxes
      • Corporate income tax

Tables and charts

This report includes 32 images and tables including:

  • Key facts: Table 1
  • Romania map
  • Reserves and resources: Table 1
  • Reserves and resources: Table 2
  • Remaining Commercial and Technical Reserves at 01/01/2019
  • Liquids and Gas Production 2019
  • Net Acreage 2019
  • Romania basin map
  • Romania - licensed blocks and 11th licensing round
  • Oil infrastructure map
  • Licensing activity
  • Active blocks by basin
  • Production: Table 1
  • Production: Table 2
  • Romania liquids production
  • Production: Table 3
  • Production: Table 4
  • Romania gas production
  • Gas infrastructure map
  • Costs: Table 1
  • Costs: Table 2
  • Capital expenditure by region (US$ Million)
  • Costs: Table 3
  • Costs: Table 4
  • Operating expenditure by region (US$ Million)
  • Fiscal terms: Table 1
  • Fiscal terms: Table 2
  • Fiscal terms: Table 3
  • Fiscal terms: Table 4
  • Fiscal terms: Table 5
  • Fiscal terms: Table 6
  • Fiscal terms: Table 7

What's included

This report contains:

  • Document

    Country Overview

    PDF 26.26 MB

  • Document

    Country Overview

    XLS 409.50 KB

  • Document

    Country Overview

    ZIP 26.19 MB

  • Document

    Executive summary

    PDF 706.06 KB

  • Document

    Key facts

    PDF 683.58 KB

  • Document

    Location maps

    PDF 5.23 MB

  • Document

    Key companies

    PDF 735.66 KB

  • Document

    Geology

    PDF 4.32 MB

  • Document

    Exploration

    PDF 4.34 MB

  • Document

    Reserves and resources

    PDF 708.46 KB

  • Document

    Production

    PDF 743.02 KB

  • Document

    Infrastructure

    PDF 14.25 MB

  • Document

    Costs

    PDF 727.50 KB

  • Document

    Policy and regulation

    PDF 711.80 KB

  • Document

    Fiscal terms

    PDF 750.69 KB

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