Romania's Romgaz submits binding bid for stake in Neptun Deep offshore project
Apr 01, 2021 11:28 EEST
Ocean Endeavor drilling rig used in the 2nd drilling campaign in Neptun Deep offshore
Source: OMV Petrom
BUCHAREST (Romania), April 1 (SeeNews) - Romanian natural gas producer Romgaz [BSE:SNG] said that it has submitted a binding offer to acquire the 50% stake that ExxonMobil holds in Black Sea offshore project Neptun Deep.
Romgaz plans to buy 100% of ExxonMobil Exploration and Production Romania Limited (EMEPRL), the company that holds half of the rights and obligations under the concession agreement for petroleum exploration, development and production in XIX Neptun Deep Block, Romgaz said in a filing with the Bucharest Stock Exchange on Wednesday evening.