“Romgaz is looking to extend by three years, i.e. until 2014, the exploration period for these perimeters,” Patruti said.
He said Romgaz has signed a lease agreement with ANRM for a period of 30 years, which is the usual period for such contracts.
Romgaz is one of Romania’s top natural gas producers, with a reported output of 2.85 billion cubic meters in the first half of the year. The bulk of its production comes from fields in Transylvania region, central Romania.
The natural gas producer is majority owned by the Economy Ministry, with an 85.01% stake.