Prime Minister Nicolae-Ionel Ciuca, Energy Minister Virgil Popescu and David Muniz, Chargé d’Affaires ad-interim of the US Embassy to Romania, on Tuesday attended the signing of the contract for the sale of Exxon’s stake in the Neptun Deep block to Romgaz, a government press release says.
Natural gas producer and supplier Romgaz (SGN.RO) on Tuesday evening notified the Bucharest Stock Exchange that its board of directors had endorsed the acquisition of 50% in Neptun Deep block from ExxonMobil Corporations and Production Romania Limited.
Romanian gas producer Romgaz announced Friday it has secured a four-month exclusivity agreement with US ExxonMobil for negotiations over the acquisition of Exxon's stake in Neptun Deep offshore block in the Black Sea.
OMV Petrom, the largest energy company in South-Eastern Europe, will act as operator for Neptun Deep block if ExxonMobil accepts Romgaz' offer for its 50% stake in the gas exploration and drilling project in the Black Sea.