OMV Petrom S.A. operates as a prominent energy firm, primarily engaged in the... OMV Petrom S.A. operates as a prominent energy firm, primarily engaged in the exploration, development, and extraction of oil and natural gas. Its operational footprint covers Southeastern Europe. The company's diverse activities are organized into three principal divisions: Exploration and Production, Refining and Marketing, and Gas and Power. Within its Exploration and Production division, OMV Petrom focuses on discovering, developing, and extracting crude oil and natural gas resources across Romania, Bulgaria, and Georgia. The Refining and Marketing division is responsible for manufacturing and distributing a range of petroleum products, including gasoline, diesel, and various others. It also supplies fuel, lubricants, and bitumen to both individual consumers and bulk purchasers via its network of service stations operating under the Petrom and OMV brand names. Meanwhile, the Gas and Power segment generates electricity and engages in the sale of natural gas and power. Notably, this division manages the 860 MW gas-fired Brazil power plant. By the close of 2021 (December 31st), the company reported substantial oil and gas reserves located within Romania. Its total proved reserves amounted to roughly 419 million barrels of oil equivalent, with proved and probable reserves reaching approximately 680 million barrels of oil equivalent. Headquartered in Bucharest, Romania, OMV Petrom S.A. operates as a subsidiary of OMV Aktiengesellschaft.
