Thirty-eight fields and more than 1,300 wells to take care of and enhance!
Our current main operations are based in Romania and Ukraine. We operate in Romania for OMV and, starting with 2020, in Ukraine for NAFTOGAZ Ukrgasvydobuvannya. Both operations are through Production Enhancement Services Contracts (PEC) of 15 years.
Investments
As an example in these operations, we have invested more than 150 mils. USD in the last five years, in:
- G&G studies and reservoir modelling;
- More than 300 workovers (perforations, re-completion, hydraulic fracturing, water shut off, gravel packs…) and new wells;
- Artificial lift optimization;
- Surface facilities modernization, automation and real time monitoring;
- Stranded Gas Solutions: Gas To Power.
The results of
the investment:
- Production (boe/d) is 160% higher than baseline.
- Opex/boe has been reduced by 50%.
- GHG intensity has been reduced by 60%.
- Reduced Energy intensity by 3.
- Reduced Freshwater withdrawal intensity by 60%.
- Surface facilities footprint reduced by half.
Romania
Through a 15 years Production Enhancement Contract over certain mature assets, we manage and finance for OMV the operational expenditures and commits to a minimum capital expenditures program and a level of incremental production over a minimum 5 years period.
Ukraine