ExxonMobil Plans to Exit the Romanian Market

ExxonMobil Plans to Exit the Romanian Market

ExxonMobil, an important oil and gas company, is looking to sell its 50% participation in Neptun Deep, an offshore gas project. The asking price for its participation is approx. USD 250 million.

The Neptun Deep project involves exploring and exploiting gas in the Black Sea and the reserves in this perimeter are estimated at between 42 and 84 billion cubic meters of gas (based on preliminary estimates released in 2012).

ExxonMobil, an important oil and gas company, is looking to sell its 50% participation in Neptun Deep, an offshore gas project. The asking price for its participation is approx. USD 250 million.

The Neptun Deep project involves exploring and exploiting gas in the Black Sea and the reserves in this perimeter are estimated at between 42 and 84 billion cubic meters of gas (based on preliminary estimates released in 2012).