New market study, "Romania Oil & Gas Report Q1 2015", has been published

ExxonMobil has completed the Domino-2 appraisal well and is awaiting analysis. Meanwhile it spud the Pelican South-1 well also in the Neptun block. The results of e xploration efforts in the Black Sea have the potential to transform upstream gas production, while redevelopments and EOR are boosting oil . Upgrades are helping to improve efficiencies in the refining sector, though a weak demand market and alleged corruption highlight the ongoing challenges.

The main trends and developments for Romania's oil and gas sector include:

* ExxonMobil and OMV have completed the Domino-2 appraisal well in October 2014 and are assessing the data. The development cost of the Domino field has been calculated at around USD5bn.
* Following the Domino-2 appraisal, Exxon and OMV spud the Pelican South-1 well in the same block. A new find would add resources to any potential development, improving the economics of such a project.
* In July 2014, OMV Petrom made a shallow water oil discovery at the Marina-1 well in the Istria XVIII perimeter.
* In line with our forecast, oil production Romania saw a return to growth in 2013 for the first time since 1994. Oil consumption fell for a 5th consecutive year.
* OMV Petrom completed its EUR600mn investment programme on the Petrobrazi refinery...

Full Report Details at
- http://www.fastmr.com/prod/912398_romania_oil_gas_report_q1_2015.aspx?afid=301

The Romania Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'s independent forecasts for Romania including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Romania Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Romanian oil and gas industry.

Key Benefits

* Benchmark BMI's independent oil and gas industry forecasts for Romania to test consensus views - a key input for successful budgeting and strategic business planning in the Romanian oil and gas market.
* Target business opportunities and risks in the Romanian oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Romania.
* Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.

Coverage

BMI Industry View

Summary of BMI's key forecasts and industry analysis, covering oil and gas reserves, supply, demand and refining, plus analysis of landmark company developments and key changes in the regulatory environment.

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