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BUCHAREST (Romania), November 19 (SeeNews) - 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 in the 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 Sea and the first decommissioning operation in Romania. The Gloria platform has made its full contribution to ensuring Romania's energy supply. We will continue to operate the other six offshore production platforms, which provide over 16% of the Group's production," OMV Petrom executive board member responsible for upstream operations, Peter Zeilinger, said.
The platform was used in oil and gas production operations in the Sinoe field, in the shallow waters of the Black Sea. The production from the Sinoe field is currently suspended and the wells remaining on the wellhead platform are preserved in safe conditions.
In May, OMV Petrom signed a 5 million euro ($5.53 million) contract with local company GSP Offshore for the decommissioning of the platform.
Shares of OMV Petrom traded 0.12% lower at 0.4315 lei as at 1301 CET on Tuesday on the Bucharest Stock Exchange.