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Romania: OMV Petrom, Exxon And Transgaz To Team Up

Published: April 30, 2013; 13:01 · (Vindobona)

According to Romanian officials, OMV Petrom, Exxon and Transgaz might partner to transport the Black Sea gas onshore.

Romania: OMV Petrom, Exxon And Transgaz To Team Up / Picture: © OMV AG

According to the Energy Ministry, cited in the media, a joint venture could be formed between Exxon, OMV Petrom and Transgaz to transport the Black Sea gas onshore. The Neptun well is located some 170 km from Romanian shore and some 220 km from the Turkish shore. Negotiations have most likely just begun but are expected to intensify over the following years. If the final investment decision is positive, production would probably start as soon as at the end of the decade

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