Romgaz Secures Government Approval to Extend Neptun Deep Block Concession

Reuters12-10

Romgaz Secures Government Approval to Extend Neptun Deep <a href="https://laohu8.com/S/XYZ">Block</a> Concession

SNGN Romgaz SA has reaffirmed its strong commitment to investing in the Black Sea XIX Neptun Deep Block by extending the current exploration phase within the block. The Romanian Government has approved Addendum no. 7 to the Concession Agreement for the XIX Neptun Block, underscoring official support for ongoing and future investment projects in Romania's energy sector. Romgaz, through its subsidiary Romgaz Black Sea Limited, holds a 50% ownership stake in the Neptun Deep Block, with OMV Petrom S.A. holding the remaining 50% and serving as operator. The extension of the concession agreement is aimed at enhancing national and regional energy security, with exploration and development operations set to continue simultaneously.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SNGN Romgaz SA published the original content used to generate this news brief on December 10, 2025, and is solely responsible for the information contained therein.

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The Romanian Government has approved Addendum no. 7 to the Concession Agreement for the XIX Neptun Block, underscoring official support for ongoing and future investment projects in Romania's energy sector. Romgaz, through its subsidiary Romgaz Black Sea Limited, holds a 50% ownership stake in the Neptun Deep Block, with OMV Petrom S.A. holding the remaining 50% and serving as operator. The extension of the concession agreement is aimed at enhancing national and regional energy security, with exploration and development operations set to continue simultaneously.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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