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May 12, 2021

President Basescu meets Chevron, ExxonMobil and Petrom officials

Among other things, there have been talks about the importance of the transfer to Romania of Chevron’s shale gas know-how from the US as a contribution to the development.

President Traian Basescu on Thursday welcomed Chevron Europe Exploration and Production General Manager Derek Magness  to discuss the transfer of Chevron’s shale gas know-how from the US to Romania. ‘At the meeting, President Traian Basescu talked about the importance of the transfer to Romania of Chevron’s shale gas know-how from the US as a contribution to the development and ensuring Romania’s energy security,’ the Presidential Administration reports in a press release.
The release says the President invited Chevron officials to look into the opportunity for a large number of young Romanian specialist university graduates to be employed in the Chevron business conducted in various parts of Romania. Magness presented the latest developments in Chevron’s Romanian project and the prospects for the assessment of the quantity of shale gas existing in Romania. Talks also focused on the significance of local communities getting involved in the conduct of Chevron business.
New ExxonMobil – OMV oil drilling platform in Romania
President Basescu also met with Johnny L. Hall, Executive Vice-Chairman of ExxonMobil Exploration Company, and Mariana Gheorghe, Executive General Manager of OMV Petrom.
At the meeting, President Basescu was informed about the arrival in Romania in the months ahead of a new oil drilling platform hired by the ExxonMobil – OMV consortium to assess the size of the oil deposits in the Neptun block in the Black Sea. The President asked ExxonMobil and OMV-Petrom experts to consider both Romania and Moldova when analysing the domestic market for natural gas resources to be exploited in the Black Sea, reads the release.
In his turn, Prime Minister Victor Ponta also welcomed a delegation of board members of ExxonMobil and Petrom at Palatul Victoria yesterday to discuss exploration and exploitation projects devised by these companies with regard to energy resources in the Romanian section of the Black Sea.
“On this occasion, Johnny Hall, the executive vice-chairman of Exxon Mobil Exploration, acknowledged the conditions for making oil and gas investments in Romania and the Romanian Government’s efforts to encourage the development of projects in the Romanian section of deep waters of the Black Sea,” a Government press release notes. Furthermore, it is mentioned Prime Minister Ponta acknowledged the two companies’ efforts to develop these projects and encouraged other Romanian potential service providers to become involved in these operations, as the projects unfold, and to further develop Romanian professional skills required by such projects.
Last year, Exxon Mobil, Petrom, Shell and the Ukrainian state company Nadra agreed to establish a partnership in exploiting a gas perimeter in the Black Sea. Romanian news website Hotnews.ro suggests a link between the current talks with president Basescu and that agreement, on the background of the tensions in Ukraine and Crimea region.

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