MOL signs Concession Agreements in Romania

Hungarian oil and gas company MOL announced on Tuesday evening that it has signed Concession Agreements with the Romanian National Agency for Mineral Resources for three exploration blocks, MTI informs. As announced on July 5, 2010, EX-1 (Voivozi), EX-5 (Adea) and EX-6 (Curtici) were awarded at the 10th Licensing Round to the consortium of MOL and Expert Petroleum. MOL is the operator of the projects, with 70% participating interest in the blocks, while Expert Petroleum holds the remaining ...

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