Petrom and ExxonMobil start joint oil exploration in Black Sea

Petrom will start exploration in Neptun block in the Black Sea to evaluate the hydrocarbon potential, following to carry seismic assessment of the area in a venture deal with the subsidiary of the US-based ExxonMobil. ExxonMobil Exploration and Production Romania Ltd will start the seismic assessment of a 3,000 square km-area, the largest area explored in Romania through 3D seismic acquisition.The seismic acquisition works are expected to last 90 days. “Deepwater exploration is a ...

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