Romania to launch auction for the concession of 28 new perimeters of oil and gas on an area of 1000 km2

By Edwig Ban
The National Authority for Mineral Resources, ANRM, announced that it offers publicly the concession of exploration, development and oil exploration operations of 28 perimeters within the XIth Auction Round, according to an order of the ANRM President, published on Wednesday.
ANRM also published the list of these perimeters. These are 22 onshore and six offshore, with a total area of approximately 1,000 square kilometers.
According to the order, the interested Romanian or foreign legal persons will submit bids by 15.00 of the 120th working day, starting from the working day immediately following the publication of the announcement on the organization of the round in the Official Journal of the European Union.
The negotiation of the oil agreements starts within 15 days from the date of notification of the bid winner, if no objection has been made.
The previous round, the 10th Round, was conducted in the period 2009-2010, when ANRM auctioned the concession of 30 petrified oil, out of which 12 onshore and 18 offshore.