Sterling Resources considers selling offshore exploration concession in Romania

Calgary-based energy company Sterling Resources considers selling its offshore oil exploration concession in the Black Sea, said Cristian Petrescu, member of industry commission within Deputy Chamber. The information was confirmed by the head of National Agency for Natural Resources (ANRM), Alexandru Patruti.The concession agreement for the oil exploration and farming of the Pelican XIII and Midia XV Blocks is 30 years in duration starting ESPA’s effective date (e.n Exploration ...

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