Chevron representatives said the company quits shale-gas operations in Romania as the local project can’t compete with other investment opportunities in its global portfolio.

In July 2014, Chevron completed drilling operations at its first well in Romania, in Silistea-Pungesti, Vaslui county.

Chevron Romania has three more environmental permits to explore shale gas in Vaslui county, in Paltinis – Bacesti, Popeni – Gagesti and Puiesti.

In October 2013, the company received authorization to drill its first well in Silistea, Vaslui county, but works, which were to start immediately, were delayed by protests from locals.