On 1 November 2018 OMV Petrom reported that the takeover of Repsolâs interest in the V Baicoi deep, VI Targoviste deep, XII Pitesti deep and XIII Targu Jiu deep blocks has been approved by the National Agency for Mineral Resources (NAMR). In Q2 2018 Repsol had notified OMV Petrom of its intention to exit the four blocks where it held 49% interest. The blocks are situated in the southeastern part of the country.  Repsol was officially granted the 49% interest in the deep blocks (below 2,500 m) by NAMR on 17 September 2013. The investments done by Repsol and OMV Petrom amount to more than USD 200 million. It includes 2D and 3D seismic surveys and the drilling of two deep wells. A third exploration well is currently in the drilling phase below 5,000 m.  Interest in the four licences is now solely held by OMV Petrom SA.
OMV Petrom reported the takeover of Repsolâs interest in the V Baicoi deep, VI Targoviste deep, XII Pitesti deep and XIII Targu Jiu deep blocks 