Romgaz asks the government to approve his participation in the Neptun Deep auction

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Bogdan Tudorache

Romgaz convened for March 11 the extraordinary meeting of the shareholders asking for “approval of the acquisition of legal consulting, assistance and external representation services … for negotiating and, as the case may be, the acquisition of a share of ExxonMobil on the offshore XIX Neptun Deep perimeter”, according to a report submitted to the Stock Exchange.

The Romanian state is a majority shareholder of Romgaz, with 70% of the titles.

Romgaz has entered the data room of the Neptun Deep project offered by OMV Petrom and is looking for an external partner with whom to buy half the project sold by Exxon, said Adrian Volintiru, general manager, Romgaz.

“We have set ourselves a target of 20%, we are ready to come up with about 600-700 million euros, at a first evaluation of the project at 3 billion euros. Romgaz will go with an external partner,” Volintiru said.

He explained that the offer will be built in stages and will probably be ready by autumn next year. “We will not register as operators”, added the Romgaz head.

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