Press Release - Romgaz Neptun Deep Project – In a straight line
On March 22, 2022, S.N.G.N. ROMGAZ S.A. Board of Directors endorsed the signing of the Share Purchase Agreement regarding all shares issued by (representing 100% of the share capital of) ExxonMobil Exploration and Production Romania Limited, which holds 50% of the acquired rights and obligations under the Petroleum Concession Agreement for the East Area, the Deep Water Zone of XIX Neptun offshore block.
The agreement will be signed after the approval of S.N.G.N. ROMGAZ S.A. Extraordinary General Meeting of Shareholders to be convened for April 28, 2022, and the completion of the transaction is conditioned by the fulfilment of the conditions precedent of the Agreement.