NAMR has approved OMV Petromâs 2013 agreed acquisition of Repsolâs 49% stake in onshore blocks V Baicoi, VI Targoviste, XII Pitesti and XIII Targu Jiu. OMV Petrom ends sole holder of the tracts, total 11,182 sq km in the Diapir Fold Belt and Outer Carpathian Foredeep.     Â   The investments done under the Joint Operating Agreement amount to more than 200 million USD until today, including 2D and 3D data acquisition campaigns and drilling of two deep and complex, high pressure wells. A third exploration well is currently in the drilling phase, below 5,000 m.
Romania, XII Pitesti