OMV’s Petrom Receives Approval for License Extension

Energy › Oil & Gas ♦ Published: September 8, 2011; 18:23 ♦ (Vindobona)

The subsidiary of the Austrian oil and gas company was allowed to continue exploration works in Romania. The licenses were due to expire on September 12.

OMV’s Petrom Receives Approval for License Extension / Picture: © Vindobona.org

The Romanian government on Wednesday announced that it has extended by three years the exploration permits held by OMV’s Romanian subsidiary Petrom on nine land blocks and one marine block in the Black Sea, with a cumulated surface of 23,000 square kilometers.

According to government spokeswoman Ioana Muntean, the total surface is 23,000 square kilometers, 30% less than agreed…

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