S.N.G.N. Romgaz is in talks to acquire all shares in ExxonMobil Exploration and Production Romania.
(Courtesy OMV Petrom)
Offshore staff
MEDIAS, Romania – Romanian gas distributor S.N.G.N. Romgaz is in talks to acquire all shares in ExxonMobil Exploration and Production Romania.
The latter holds 50% of the rights and obligations under the concession agreement for the XIX Neptun Deep block in the Romanian sector of the Black Sea, which includes the deepwater Domino gas discovery. The other partner is OMV Petrom.
Romgaz has an exclusivity right that will remain in place until Oct. 15, 2021 to complete negotiations.
