Expert Petroleum has been awarded the “2019 Oil and gas Company of the Year” by the Petroleum Club of Romania for being the leading company for production enhancement services for mature fields in Romania.

“Expert Petroleum’s core business is making mature oil and gas assets more sustainable and, through its care for communities, implementation of best safety practices and environmentally friendly operations, its goal is to raise the sustainability bar higher in this business sector. We are proud to have reached our goals in Romania and plan to bring our business model also to other countries in the upcoming period”, said Michel Louboutin, General Manager and Co-founder.

How did XP differentiate this year?

• Environmental performance: Zero environmental non-compliance cases;
• Resource management: Significantly reduced energy intensity, as well as fresh water withdrawal;
• Safety practices: Zero unplanned or uncontrolled releases of any material, zero fatalities and injuries;
• Community engagement: Positive impact in the communities where it operates, both through significant investments in infrastructure and local development and through the employment of hundreds of local professionals in communities with tradition in the oil and gas industry.

About Expert Petroleum

Expert Petroleum is a company active in the Romanian upstream sector since 2005, its main activity being the management of mature oil and gas fields. With the takeover of the operations in the areas in which it operates, the company has retained a large number of professionals, currently having almost 1,000 employees

The company has a consolidated position on the Romanian market, based on economic and social stability and on the long term sustainable development with impact in the communities in which it operates.