Romania's top oil and gas group OMV Petrom [BSE:SNP] said on Tuesday that it has completed the removal of Gloria jack-up rig from its production location inthe Black Sea, marking another step towards the rig's decommissioning.
The Gloria platform was successfully transported to Agigea harbor in Constanta after more than 40 years in service, OMV Petrom said in a press release.
"This marks the end of a 40 year history as drilling and production platform in the Romanian Black Seaand the first decommissioning operation in Romania. The Gloria platform has made its full contribution toensuring Romania's energy supply. We will continue to operate the other six offshore productionplatforms, which provide over 16% of the Group's production," OMV Petrom executive board member responsible for upstream operations, PeterZeilinger, said.
The platform was used in oil and gas production operations in the Sinoe field, in the shallow waters of theBlack Sea. The production from the Sinoe field is currently suspended and the wells remaining on the wellheadplatform are preserved in safe conditions.
In May, OMV Petrom signeda 5 million euro ($5.53 million) contract with local company GSP Offshorefor the decommissioning of theplatform.
Shares of OMV Petrom traded 0.12% lower at 0.4315 lei as at 1301 CET on Tuesday on the Bucharest Stock Exchange.
(SeeNews, November 19, 2019)
