Romania discovered a new deposit of crude oil and natural gas, which may be the biggest discovery of its kind in the past 30 years in the south, a Romanian oil company announced Wednesday.

According to OMV Petrom, a subsidiary of the Austrian group OMV, the deposit was discovered at a depth of 2,500 meters in the south of Buzau County.

The estimates obtained from the production tests indicate a potential production per well of 1,200-2,100 boe per day.

The discovery has been made under the onshore exploration partnership signed in 2010 by OMV Petrom and Hunt Oil Company of Romania, the company said, adding that the exploration investment led to this discovery amounts to 5 million euros (6.25 million US dollars).

OMV Petrom is the largest producer of oil and gas in southeastern Europe, with an annual production of crude oil and natural gas of 66 million boe.