Tag: exploitation

Final investment decision on Black Sea Neptun Block expected in 2018 – Romania, 21 December 2017

General Manager of Austrian OMV Group Rainer Seele said that the company will discuss with its American partner ExxonMobil that the final investment decision regarding the Neptun block in the Romanian Black Sea is included in the calendar for 2018. According to Seele, the Neptun project is very important for OMV Petrom as it will […]

Energean considers IPO to fund Israeli gas project – Greece, 15 November 2017

According to sources, Energean Oil & Gas is considering listing on the London Stock Exchange in order to secure funding for a 1.5 billion dollars development of gas fields Karish and Tanin, off the Israeli coast. The company said in the statement earlier that it is in the process of developing two natural gas fields […]

ELPE, Total, Edison consortium signed license agreement for Corfu Block 2 – Greece, 31 October 2017

A consortium of Hellenic Petroleum (ELPE), Total and Edison signed an exploration and exploitation license agreement for offshore Block 2, west of Corfu island in the Ionian Sea. Greek Minister of Energy Giorgos Stathakis said at the signing ceremony that this agreement is very important for Greek economy as many major oil companies are interested […]