The concession is bordering Hungary and Ukraine and has been partially explored by Serinus Energy, one of the wells identifying possible reserves of 750 million cubic meters of natural gas, equivalent with nearly 6% of the annual national consumption.
Serinus holds 60% of the concession and pays for all expenses during this stage, worth at $12.3 million in 2014 and at $3.6 million in the first quarter of 2015. Serinus’ shares are listed on Warsaw and Toronto bourses. Also, several years ago, it bought Winstar Resources, Rompetrol’s initial partner in this perimeter.
Besides Satu Mare perimeter, Rompetrol also holds two exploration licenses in the county of Vrancea.
(English version by Manuela Panescu)