The concession agreement signed by Panfora Oil & Gas with Romania’s National Mineral Resources Agency, or ANRM, was ratified by the Romanian Government in December last year, Gábor Zelei, managing director of Panfora Oil & Gas, said.
The company is ready to start a 3D seismic survey covering an area of 550 square kilometers in the Ex-6 Curtici block, which will be completed in about 100 days.
MOL signed concession contracts with ANRM for three blocks in western Romania. Two of the agreements have yet to be ratified.
MOL is present in over 40 countries and employs about 30,000 people worldwide. It entered the Romania fuel distribution market in 1995 and operates 138 gas stations locally.