OMV Petrom anticipates 3.7 bln lei worth of CAPEX this year, H1 investment up 130 pct
Publicat:OMV Petrom anticipates CAPEX (including capitalized exploration and appraisal) to be around 3.7 bln lei this year, of which around 75 percent will be in the Upstream exploitation and production segment; the company reported investments of 2.1 billion lei in H1 2018, up 130 percent compared to the same period last year, as per the Group's consolidated financial statements (unaudited), released on Thursday.
The increase in investments is mainly due to a ramp-up in drilling of development and exploration wells, and intensified works in facilities projects in the Upstream segment.
Upstream…
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