Romania's Petrom, ExxonMobil to resume Black Sea gas drilling
BUCHAREST, June 25
BUCHAREST, June 25 (Reuters) - Romania's top oil and gas firm, Petrom, majority-owned by Austria's OMV , and ExxonMobil will resume exploration drilling in their offshore Black Sea block at the end of this year or in early 2014, the company said.
The two companies have completed a 3D seismic study on the Neptun block and contracted a drilling rig from Diamond Offshore Drilling Inc which they will use for exploration.
ExxonMobil and Petrom "expect to invest up to U.S. $1 billion in the exploration programme, which comprises the 3D survey now completed and further exploration and appraisal drilling," Petrom said in a statement.
- Housing, jobs data weaken, but overall economic picture still upbeat
- Target cyber breach hits 40 million payment cards at holiday peak |
- Putin critic Khodorkovsky free after pardon, heads for Germany |
- Pizza outlet attacked as India, U.S. fail to cool diplomat row |
- New York Mayor-elect's reputation for lateness parodied on Twitter