"OMV Petrom, the largest energy company in South-Eastern Europe, is pleased to confirm that it has been selected as the winner of the open international tender held by the Ministry of Economy and Sustainable Development of Georgia for the Offshore Block II," the OMW official website reports.
"We continue our plans to expand our upstream activities in the Black Sea region. After signing a contract, it is another milestone to enter the Han Asparuh exploration license in offshore Bulgaria. It is a natural continuation of our more than 40 years of experience in the Romanian Black Sea waters," Peter Zeilinger, member of the Executive Board, responsible for Upstream, said.
Following the official website of OMV Petrom, the block will be formally awarded only if the negotiation of a Production Sharing Contract is successfully finalized. If so, OMV Petrom will obtain the right to conduct oil and gas exploration activities in Block II, located on the shelf and within the Georgian Offshore Black Sea's economic zone.
Bela Gelashvili
News Author