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Romania tells OMV there is no reason to amend Offshore Law

Romania tells OMV there is no reason to amend Offshore Law
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Romania's interest in Black Sea natural gas investment to start in 2022, or deposits will devalue: ANRM – The Diplomat Bucharest


Romania’s interest is for investment in the Neptune Deep field in the Black Sea to start in 2022, otherwise the natural gas there will lose its value, said the Director of the National Mineral Resources Agency (ANRM) Sorin Gal.
He participated in an online debate on decisions for the new economy: better public policies for the oil and gas sector, organised by Sustainable Romania and EM360 Group.
Gal was asked what will happen if Black Sea investors do not decide to invest in the Neptune Deep project.
“We do not know whether or not the investment decision will be taken. We have an oil agreement amended by additional documents where there are penalties. It is true that ExxonMobil and OMV Petrom came up with a request in 2020 for extending the commerciality of the deposits there. For the time being, it is under our consideration and by March 2022 we will probably see what happens,” Gal said.

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ANRM: Romania's interest is in Black Sea natural gas investment to start in 2022, or deposits will devalue


Sursa foto: Karadeniz Press
Romania's interest is for investment in the Neptune Deep field in the Black Sea to start in 2022, otherwise the natural gas there will lose its value, said on Thursday Director of the National Mineral Resources Agency (ANRM) Sorin Gal.
He participated in an online debate on decisions for the new economy: better public policies for the oil and gas sector, organised by Sustainable Romania and EM360 Group, agerpres.ro confirms.
Gal was asked what will happen if Black Sea investors do not decide to invest in the Neptune Deep project.
"We do not know whether or not the investment decision will be taken. We have an oil agreement amended by additional documents where there are penalties. It is true that ExxonMobil and OMV Petrom came up with a request in 2020 for extending the commerciality of the deposits there. For the time being, it is under our consideration and by March 2022 we will probably see what happens," Gal said.

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