Oil company Petrom to invest EUR 100 million a year in new exploration licenses

Petrom will spend over 100 million euros a year for exploration, with special focus on obtaining new licenses, CEO Mariana Gheorghe stated on Wednesday. 'These investments will mainly envisage the securing of the future, by increasing the number of licenses in Romania and the Caspian Sea region, but also the introduction of 3D technology in exploration,' said Mariana Gheorghe.The Petrom official specified that new perimeters could be identified in Romania, as Hungary's MOL has recently done. ...

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