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OMV Petrom, the largest energy company in South-Eastern Europe, announces the signing of the Production Sharing Contract (PSC) for the offshore Block II in the exclusive economic zone of Georgian Black Sea. OMV Petrom won in June 2020 the international tender organized by the Ministry of Economy and Sustainable Development of Georgia for offshore acreage.
Christina Verchere, CEO OMV Petrom: „By signing the PSC for the offshore exploration Block II in Georgia, we take an important step in the eastern part of the Black Sea, in line with our strategy of looking for opportunities in the Black Sea region. We believe that the Black Sea has a high potential for the upstream sector and with our operating experience of over 40 years in the Romanian offshore area we have a competitive advantage in evaluating the opportunities of this basin.”
Georgia: OMV Petrom signs PSC for Block II, offshore Georgia
10 Mar 2021
The company continues its regional expansion in the Black Sea area
OMV Petrom, the largest energy company in South-Eastern Europe, has announced the signing of the Production Sharing Contract (PSC) for the
offshore Block II in the exclusive economic zone of the Georgian Black Sea. OMV Petrom won in June 2020 the international tender organized by the Ministry of Economy and Sustainable Development of Georgia for offshore acreage.
Christina Verchere, CEO OMV Petrom: By signing the PSC for the offshore exploration Block II in Georgia, we take an important step in the eastern part of the Black Sea, in line with our strategy of looking for opportunities in the Black Sea region. We believe that the Black Sea has a high potential for the upstream sector and with our operating experience of over 40 years in the Romanian offshore area we have a competitive advantage in evaluating the opportunities of this basin.