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Petrom and Exxon Explore in Black Sea

Published: January 9, 2012; 13:23 · (Vindobona)

Petrom, the Romanian subsidiary of the Austrian oil and gas group OMV, closed a partnership with the U.S. oil group ExxonMobil.

Petrom and Exxon Explore in Black Sea / Picture: © Flickr

Together with the U.S. oil corporation ExxonMobil, OMV´s subsidiary Petrom is exploring the Black Sea for new oil occurrence. The exploration drillings take place in the oil field “Neptun Bloc” in a depth of 1,000 meters. The works will be finished within 90 days.

According to Johann Pleininger, a member of Petrom´s board of management, this exploration raises costs of…

This article includes a total of 132 words.

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