Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  BUCHAREST STOCK EXCHANGE  >  OMV Petrom SA    SNP   ROSNPPACNOR9

OMV PETROM SA

(SNP)
  Report  
SummaryNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

OMV Petrom Begins Experimental Production at Romania Well

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/08/2019 | 09:22am EST

By Carlo Martuscelli

Romania's OMV Petrom SA said Tuesday that it has begun experimental production at a gas well near the already-producing Totea field in the country.

The Bucharest-listed company said the drilling of the Totea 4461 well started in January 2018. It was then tested April this year, and has since begun experimental production to test its potential.

The total invested in the new well amounts to about 50 million euros ($54.9 million), Petrom said. Another EUR200 million was spent on the gas infrastructure in the Totea area.

Petrom is majority owned by Austrian energy company OMV AG (OMV.VI).

Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
OMV AKTIENGESELLSCHAFT 0.87% 50.06 End-of-day quote.29.69%
OMV PETROM SA End-of-day quote.
WTI 0.32% 59.76 Delayed Quote.31.19%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on OMV PETROM SA
11/20Romgaz confirms talks to take over stake in Neptun Deep from Exxon
AQ
11/20OMV PETROM : Removal of OMV Petrom Gloria Jack-up rig from offshore location suc..
AQ
10/30OMV PETROM SA : Slide show Q3 results
CO
10/08OMV Petrom Begins Experimental Production at Romania Well
DJ
09/30OMV PETROM SA : 3rd quarter report
CO
08/30OMV PETROM : OMV Petrom moves to full digitization of fuel contracts with busine..
AQ
07/11OMV PETROM : GSP commences new drilling project for OMV Petrom
AQ
07/01OMV Petrom Launches EUR30 Million Black-Sea Drilling Campaign
DJ
06/30OMV PETROM SA : Half-year report
CO
06/21OMV PETROM : contributes 4 million euro to support 'Romania Eficienta' program l..
AQ
More news
Financials (RON)
Sales 2019 23 354 M
EBIT 2019 4 263 M
Net income 2019 3 708 M
Finance 2019 6 156 M
Yield 2019 6,67%
P/E ratio 2019 7,41x
P/E ratio 2020 7,66x
EV / Sales2019 0,81x
EV / Sales2020 0,83x
Capitalization 25 037 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 0,47  RON
Last Close Price 0,44  RON
Spread / Highest target 31,2%
Spread / Average Target 6,82%
Spread / Lowest Target -9,50%
EPS Revisions
Managers
NameTitle
Christina Verchere President-Executive Board & CEO
Rainer Seele Chairman-Supervisory Board
Alina-Gabriela Popa Chief Financial Officer
Johann Pleininger Member-Supervisory Board
Joseph Bernhard Mark Mobius Independent Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
OMV PETROM SA5 828
EXXON MOBIL CORPORATION1.53%292 919
RELIANCE INDUSTRIES39.34%132 474
BP PLC-6.75%123 925
CHINA PETROLEUM & CHEMICAL CORPORATION-18.96%83 152
PHILLIPS 6631.16%50 208