The contract has a two-year timeframe, according to the auction announcement.
Romgaz is one of Romania’s two main gas producers, alongside OMV Petrom (SNP.RO). (EUR1=RON4.2838)
Energy
Romgaz To Auction Off RON70M Rig Services Contract
Romanian state-owned gas producer Romgaz Medias will auction off, on August 19, a rig services contract worth 69.3 million lei (EUR16 million).