Romanian oil&gas company OMV Petrom (BVB ticker: SNP) recently inaugurated the first 3D Visualization Center in Romania after a EUR 500,000 investment, the company announced.
The center allows engineers to view 3D images of oil and gas deposits, on a 4-meter wide screen. This helps Petrom’s specialists better understand the data collected following 3D seismic prospecting.
The center is located in the Petrom City office compound and is the first such center for Austrian group OMV and the largest one in Europe, according to the company.
“The new center allows to improve the analyzing process for geological data and technical plans. We can visualize information to the smallest detail and 3D visualizing helps us prevent wrrors and omissions in the analysis process,” said Gary Ingram, director of OMV Petrom’s Exploration and Production division. He added that this will also allow specialists and engineers take decisions more rapidly.
OMV Petrom is the largest company in Romania by market value, with a current capitalization of EUR 6.2 billion on the Bucharest Stock Exchange (at July 29). The company had a net profit of EUR 1.09 billion and a consolidated turnover of EUR 5.5 billion in 2013. OMV Petrom has an investment budget of more than EUR 1 billion per year, with the bulk of investments going into exploration and production.
Andrei Chirileasa, email@example.com