S.N.G.N. Romgaz S.A. Extension of Concession Agreement for 8 blocks (1667Q)
October 25 2021 - 8:13AM
UK Regulatory
TIDMSNGR
RNS Number : 1667Q
S.N.G.N. Romgaz S.A.
25 October 2021
October 25, 2021
A N N O U N C E M E N T
Societatea Nationala de Gaze Naturale "ROMGAZ" S.A. informs its
shareholders and investors on continuing the exploration of some
petroleum blocks by concluding an Addendum to the Concession
Agreement with the National Agency for Mineral Resources
(NAMR).
S.N.G.N. ROMGAZ S.A. announces that Government Decision No.1011
of September 22, 2021, approving Addendum No. 6 to the Concession
Agreement for 8 Exploration - Development - Exploitation blocks,
concluded between The National Agency for Mineral Resources (NAMR)
and S.N.G.N. ROMGAZ S.A. Medias, approved by Government Decision
No. 23/2000, was published in the Official Gazette, Part I of
October 19, 2021.
S.N.G.N. ROMGAZ S.A. Medias, as title holder of petroleum
agreements concluded with the National Agency for Mineral Resources
(NAMR) for 8 petroleum blocks, has performed petroleum works that
highlighted the blocks' future potential, as well as new
hydrocarbon reserves, thus requesting the exploration period
extension by 6 years, for the period October 2021 - October 2027,
respectively.
CHIEF EXECUTIVE OFFICER,
Aristotel Marius JUDE
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