BUCHAREST – ExxonMobil in talks with Lukoil over Black Sea block

Russian company Lukoil is interested in buying ExxonMobil’s 50% stake in the Neptun Deep project in the Black Sea, government sources told the G4Media website.

Back in November, the US company invited several potential investors to bid for its participation in the project to explore gas reserves in the Romanian waters, in which it has invested about €670 million so far.

ExxonMobil is also the operator of the project it is developing jointly with Romania’s OMV Petrom, while Lukoil is operating another block in the Black Sea, together with Romanian company Romgaz. (EURACTIV.ro)


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