Romanian natural gas producer Romgaz has received a licence from the country’s National Agency for Mineral Resources (NAMR) to explore oil and gas resources on the Black Sea continental shelf, it has been announced.

The area comprises Muridava Est, Adjud, Ramnicu Sarat and Mizil.

Romgaz and NAMR have also entered into an oil agreement on exploration, development and drilling on location E VII-8 Est Depresiunea Panonica.

The agreement was signed after Romgas won a bidding round organised by NAMR.

Romgaz said that there is a possibility of finding new oil reserves in the Black Sea.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData