OMV Petrom fails to find significant gas with second well in Bulgaria’s Han Asparuh perimeter

OMV Petrom announced it did not encounter significant gas volumes upon the completion of drilling operations at the Krum-1 exploration well – the second exploration well drilled in the Han Asparuh Block, offshore Bulgaria. OMV Petrom entered the Han Asparuh perimeter in 2020, replacing parent company OMV after several unsuccessful exploration wells had already been drilled.

OMV Petrom assured that explorations will continue in Han Asparuh and in the neighbouring Han Tervel, also in Bulgaria’s offshore. The two perimeters are adjacent to the Neptun Deep perimeter in Romania's offshore, where OMV Petrom prepares to launch production in 2027 while expanding exploration drilling.