Analyst Research Report Snapshot


SNP PETROM SA Romania, Oil&Gas Company




Swiss Capital


17 Aug 2006





Companies referenced:


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Romania is by far the richest country in hydrocarbons in Central and Eastern Europe (“CEE”) and the largest producer of both crude oil and natural gas. Petrom, the largest oil company in Romania, has by far the largest upstream operation in CEE with its 210,000 boe/d production (split between crude and natural gas) and 1 bn boe (non-audited) reserves. OMV of Austria owns 51% of Petrom and embarked on an aggressive restructuring program, which – if successful – could take the share price to new highs.

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