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OMV Petrom to operate Neptun Deep if Exxon exits
Apr 23, 2021 7:10:am
Summary
ExxonMobil has been seeking a buyer for its stake in the Romanian offshore project for nearly two years.
by: Joseph Murphy
Posted in:
OMV Petrom to operate Neptun Deep if Exxon exits
Austro-Romanian oil firm OMV Petrom reported on April 23 that it would serve as operator of the Neptun Deep gas discovery off Romania if the country s state-owned Romgaz replaces ExxonMobil as the other partner in the project. 
ExxonMobil currently operates the 84bn-m
3 undeveloped gas field with a 50% interest, while OMV Petrom controls the remaining 50%. But the US major is scaling back its upstream activities in Europe and has been seeking a buyer for its stake in Neptun Deep for almost two years. Romgaz filed a binding offer to acquire Exxon s stake at the start of this month. ....

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