OMV Petrom S.A. (SNP.RO), an affiliate of the Austrian oil and gas company OMV AG (OMV.VI), and ExxonMobil Exploration and Production Romania Limited, an affiliate of the oil company ExxonMobil Corp. (XOM), have started conducting a large 3-D seismic study in the Black Sea , OMV Petrom said Wednesday.

MAIN FACTS:

-The study is the largest 3D seismic study in the
Black Sea and covers approximately 6,000 square kilometers in the deep-water area of the Neptun block in the Romanian sector of the Black Sea , OMV Petrom, the operator of the seismic program, said.

-ExxonMobil and OMV Petrom will use data collected from this seismic program and an earlier seismic program in 2009 and 2010 to further assess the commercial and technical feasibility of the Domino gas discovery announced earlier this year.

-The data also will be used to determine targets for future exploration drilling.

-ExxonMobil is the operator of the deep-water sector of the Neptun Block.