Romania upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
- Executive summary
- Key facts
- Location maps
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Key companies
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State-backed companies
- OMV Petrom
- Romgaz
-
Majors
- Current
- Previous
- Other key IOCs
-
Other key companies
- Offshore
- Onshore
-
State-backed companies
-
Geology
-
Introduction
- Onshore
- Offshore
- Transylvanian basin
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Foreland basins
- Moesian platform
- Moldavian platform
- Scythian platform
- North Dobrogean promontory
- Pannonian basin
- Southern and Northern Carpathians
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Black Sea basin (offshore)
- Shallow-water areas
- Deepwater areas
-
Introduction
-
Exploration
-
Licensing
- Overview
-
Future licensing round
- 11th licensing round
- Previous licensing rounds
-
Drilling
- Drilling activity
- Overview
- Onshore - key recent and future conventional E&A activity
-
Offshore - key recent and future conventional E&A activity
- Shallow-water blocks
- Deepwater blocks
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Historical conventional E&A activity
- Onshore
- Offshore
-
Unconventional E&A activity
- Coalbed methane (CBM)
- Shale gas
-
Licensing
-
Reserves and resources
- Overview
- Reserves
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Production
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Oil and condensate
- Historical production
- Future production
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Gas
- Historical production
- Future production
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Oil and condensate
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Infrastructure
-
Oil infrastructure
- Overview
- National transmission system operator
- Key pipelines
- Refineries
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Gas infrastructure
- Overview
- National transmission system operator
- Gas storage facilities
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Key import and transit pipelines
- Trans-Balkan pipeline
- Khust-Satu Mare pipeline
-
Bulgaria-Romania-Hungary-Austria (BRUA)
- Phase 1
- Phase 2
- Other interconnectors
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Key planned pipelines
- Black Sea Coast-Podisor pipeline
- Solidarity Ring (STRING) initiative
- LNG concept
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Oil infrastructure
-
Costs
- Introduction
-
Capital costs
- Capital expenditure by location
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Operating costs
- Operating expenditure by location
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Policy and regulation
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Key legislation
- Petroleum Law (2004 (law 238/2004))
- Offshore Law (2022 law (157/2022) amended the original 2018 law (256/2018))
- Emergency government ordinance 27/2020 (EGO 27/2020, issued in February 2020)
- Regulatory body
-
State oil company
- OMV Petrom
- Romgaz
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Licensing
- Concessions
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Gas market liberalisation
- Initial liberalisation achievements and schedule
- Recent market events
- Romanian gas exchanges
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Key legislation
-
Fiscal terms
-
Overview
- Offshore Law (amended in 2022)
- Current fiscal terms
-
Concessions
- State equity participation
- Fiscal/contractual ring-fences
- Bonuses, rentals and fees
- Royalty
- Corporate income tax (CIT)
- Windfall/excess revenue taxes
- EU temporary solidarity contribution (2022-23)
- Indirect taxes
- Decommissioning
- Product pricing
- Sample cash flow
-
Overview
Tables and charts
This report includes 38 images and tables including:
- Romania - liquids production
- Romania - gas production
- Key facts: Table 1
- Country map
- Romania - E&A drilling activity
- Romania - liquids and gas reserves
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Contingent resources
- Romania - oil infrastructure
- Infrastructure: Table 2
- Romania - gas infrastructure
- Reserves and contingent resources at 01/01/2025
- Liquids and Gas Production 2024
- Net Acreage 2025
- Romania - sedimentary basins
- Romania - licensing activity
- Romania - active blocks and 11th licensing round
- Romania - liquids production
- Production: Table 1
- Production: Table 2
- Production: Table 3
- Production: Table 4
- Romania - gas production
- Production: Table 5
- Production: Table 6
- Production: Table 7
- Production: Table 8
- Infrastructure: Table 1
- Infrastructure: Table 3
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Costs: Table 4
- Fiscal terms: Table 1
- Fiscal terms: Table 2
- Fiscal terms: Table 3
- Fiscal terms: Table 4
What's included
This report contains:
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