OMV Looking to Increase Stake in Romanian Offshore Project

Published

Romanian flag - © Hale - Adobe Stock
Romanian flag - © Hale - Adobe Stock

Austrian energy group OMV on Thursday indicated it could be interested in increasing the stake in a Romanian offshore gas project that it currently holds with U.S. firm Exxon Mobil.

The exploration of the Black Sea Neptun block is a joint venture between OMV's Romanian subsidiary Petrom and the U.S. company and includes the first deep-water exploration well in Romanian waters. 

Exxon Mobil plans to exit the venture and has begun providing information to potential buyers.

"We are not currently conducting any concrete negotiations with Exxon Mobil because ... as long as there is no official sales process we cannot negotiate," said OMV exploration chief Johann Pleininger at a news conference. "We are certainly not interested in the full 50% that Exxon Mobil is now offering."

 (Reporting by Kirsti Knolle Editing by Michelle Martin)


Related: ExxonMobil Confirms May Exit Romanian Offshore Gas Project

Current News

Maritime Market: Cable Layer Fleet Gains Scale, Scope

Maritime Market: Cable Layer F

Murphy Oil Secures Six Offshore Israel Licenses Near Leviathan Gas Field

Murphy Oil Secures Six Offshor

DOF Nets Extension for Skandi Mariner AHTS

DOF Nets Extension for Skandi

Fugro Secures Four-Year Extension for Heerema's Heavy-Lift Fleet

Fugro Secures Four-Year Extens

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine