"OMV Petrom has been and remains an enduring partner for Romania in developing the country's natural resources. Together with the Romanian state, we are now entering the next chapter for the energy sector, ensuring continuity and growing Romania's regional presence," stated Christina Verchere, CEO of OMV Petrom.

The company has secured the Transocean Barents rig for its next deepwater exploration project, Anaconda-1, which will be drilled at approximately 1,500 meters water depth, 200km from Constanța. The well will explore a new prospect in the XIX Neptun Block, reaching almost 3,800 meters total depth with planned costs of up to €90 million. "This is supported by the extension of the exploration license for this block," said Cristian Hubati, Executive Board member responsible for Exploration and Production.

OMV Petrom has agreed principles with Romanian authorities for a 15-year extension of production licenses until 2043. The agreement includes changes to royalties and taxation, with onshore royalties increasing by 40% and modifications to gas taxation to encourage investments. The company will assume historical environmental and abandonment liabilities estimated at approximately €600 million.

The company has invested approximately €20 billion in Romania over the past 20 years and paid around €44 billion in taxes and dividends between 2005 and 2024. The company supplies around one-third of Romania's natural gas and fuel demand and up to 10% of locally generated power.