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29.11.2017 17:23
ExxonMobil launches 1 bln euro auction for Black Sea gas operation in Neptun Block

  • © ExxonMobil

US group ExxonMobil has launched an auction of over EUR 1 billion in Romania’s electronic public procurement system (SEAP) for several contracts related to its Black Sea gas exploitation, Romania-Insider reported.
ExxonMobil and Romanian group OMV Petrom jointly operate Neptun Block (close to the Bulgarian Han Asparuh Block) in the Black Sea where they found significant gas reserves. The two companies have been assessing the resources found and may start commercial exploitation in the next years.
ExxonMobil is ready to pay between $975 million and $1.28 billion, without VAT, to acquire management and design services and to put into operation the offshore units in the Neptun perimeter. It also wants to put into operation an onshore gas measuring station.
The company published the auction notice on November 9 and the deadline is December 12. The contract has a 48-month duration, Romania-Insider reminded.

TAGS: ExxonMobil | OMV | Black Sea | Neptun Block | public procurement | auction | reserves | natural gas | commercial exploitation 

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