The Government Has Extended 2 Years the Concession Agreement for the Exploration of Gases in the Neptun Xix Perimeter, of the Black Sea

transilvaniabusiness.ro

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By extending the current exploration phase of the Neptun XIX perimeter, the Deep Water Zone (‘Neptun Deep’), SNGN ROMGAZ SA continues its firm commitment to investment in the exploration activities of the Black Sea. On 9 December 2025 the Romanian Government adopted Additional Act No 7 to the Agreement on the Granting of Petroleum Exploration, Development and Exploitation in the XIX Neptun, which demonstrates support and support for investment p…

romania-actualitati.ro

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Ownership

By the date of 9 November 2027, OMV Petrom and Romgaz Black Sea Limited will be able to carry out exploration activities in Perimeter IX Neptun, without modifying the total duration of the concession, which is 45 years, i.e. until 28 November 2045.