OMV Petrom reduced its workforce by around 1,000 employees in 2025, mainly through voluntary departures and retirements. The move is part of an operational efficiency drive, while the company adjusts its investment strategy and channels more capital toward exploration and production, including projects in the Black Sea, according to Economedia.
CEO Christina Verchere said the current environment requires “financial and fiscal discipline,” noting that most employees are engaged in the group’s day-to-day operations. At the same time, OMV Petrom is negotiating a new collective labor agreement, a process that takes place every few years and remains ongoing.
Rebalanced investments and Neptun Deep priority
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The company has reaffirmed its total investment plan of around €11 billion for 2022–2030 but has revised the internal allocation. For 2026, OMV Petrom expects investments in Romania to reach approximately RON 9 billion, following RON 8 billion in 2025, marking the most intensive investment phase of its strategy.
The share allocated to low-carbon projects has been reduced from 30% to 25%, reflecting slower technological progress in certain areas of the energy transition. The reallocated funds will mainly support traditional exploration and production activities, with a stronger emphasis on offshore exploration in the Black Sea, including the Neptun Deep project, which implies a higher risk profile.
According to CFO Alina Popa, RON 5.6 billion of the 2026 investments will go to exploration and production, with more than half earmarked for Neptun Deep. OMV Petrom also plans to drill 35 new wells, excluding those related to the offshore project. Retail and refining will receive RON 2.8 billion, largely for the Petrobrazi refinery, while around RON 500 million will support the gas and power division, mainly for photovoltaic projects and other renewable capacities.
Photo: OMV Petrom
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