Romania: Romgaz confirms offer to acquire ExxonMobil's interest in the XIX Neptun Deep Block
01 Apr 2021
Romgaz has made a binding offer to acquire 100% shares of ExxonMobil Exploration and Production Romania, the Company that holds 50% of the rights and obligations under the Concession Agreement for petroleum exploration, development and production in the
XIX Neptun DeepBlock, offshore Romania.
OMV Petrom holds the other 50% participating interest.
The binding offer to acquire all shares (representing 100% of the share capital) issued by ExxonMobil Exploration and Production Romania, as endorsed by S.N.G.N. Romgaz S.A. Board of Directors, was submitted to ExxonMobil Upstream Business Development on March 30, 2021.