“Romgaz plans to invest primarily in conventional gas, but the company has also been drilling in low-permeability fields. Absolutely, we will attend ANRM’s auction,” said Dumitru Rotaru, deputy general manager of Romgaz.
ANRM plans to auction concessions to drill and explore 36 new hydrocarbon fields in 2014, both onshore and offshore Romania.
ANRM last auctioned oil drilling and exploration concessions in 2010.
Romgaz is majority owned by the state, through the Department for Energy. The company last month raised 1.7 billion lei (about EUR383 million) in an initial public offering of shares and GDRs in Bucharest and London.
The company’s shares opened at RON35.85 in the first day of trading Tuesday, up 20% from the IPO sale price of RON30 a share. At around 1:45 pm, Romgaz traded at RON34.56 a share. (EUR1=RON4.4545)