Production Enhancement Contracts in West Romania

Expert Petroleum is a leading Oil and Gas operator in Romania with more than 1000 employees, currently operating and enhancing 18 mature oil and gas fields with 600 producing wells.

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Expert Petroleum operates in Romania for OMV 6,000 boe/d through two Production Enhancement Contracts (PEC) of 25 years (15+10).

Since 2013 Expert Petroleum invested more than 50M USD in Capex in these fields and increased the production by more than 70% compare to baseline, with a systematic and innovative analytical approach to identify:

  • Surface facilities bottlenecks
  • Artificial lift, flow assurance, maintenance and wells interventions optimizations opportunities.
  • New workovers (perforations, recompletion, hydraulic fracturing, water shut off, gravel packs…) and new wells candidates

Expert Petroleum also reduced with a thorough Field Operations Optimization Program:

  • The Opex/boe by 45%
  • The Green House Gas intensity (tCo2 eq/toe) by 75%
  • Freshwater Withdrawal Intensity by 60%
  • Energy Intensity Coefficient by a factor of 3