Romanian mineral resources regulator launches auction for 28 oil & gas perimeters

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Romanian mineral resources regulator launches auction for 28 oil & gas perimeters

The Romanian mineral resources regulator (ANRM) has launched an auction for 28 oil & gas perimeters, a first for the last decade. Among the new perimeters, 22 are onshore and 6 offshore in the Black Sea.

The decision was published on Wednesday in the Official Gazette.

The companies interested in these projects (exploration and exploitation) should submit their offers in 120 days (4 months) following the date of the release of the decision in the Official Journal of the EU.

The decision will be published in Official Journal of the EU in the following days.

The onshore perimeters are located in many regions in Romania (Transylvania, Wallachia and Moldova) and have areas of 653-1,098 square kilometers.

The 6 offshore perimeters in the Black Sea have areas between 802 and 914 km2.

The last auction for oil and gas perimeters was organised by ANRM in 2009.

The post Romanian mineral resources regulator launches auction for 28 oil & gas perimeters appeared first on Business Review.

Romanian mineral resources regulator launches auction for 28 oil & gas perimeters

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