MOL, Carlyle and Cox Oil reportedly interested in Exxon’s offshore project in Romania

Romanian oil and gas group OMV Petrom might be interested in taking over the stake of its partner – US group ExxonMobil – in the Neptun Deep offshore gas project in Romania’s Black Sea section.

OMV Petrom and ExxonMobil hold 50% of the project each, Exxon also being the operator.

OMV Petrom could join Romanian state-controlled Romgaz and Polish state-controlled oil and gas group PGNiG to buy Exxon’s 50% stake, according to

This would make it the majority partner in the association. Several other investors have shown interest in this project. Lukoil PJSC (the parent company in Russia, not its subsidiary in the Netherlands, Lukoil Overseas Atash, which is already involved in the Romanian offshore perimeter Trident) and MOL Oil and Gas Plc (the Hungarian state controlled oil company) have reportedly consulted under confidentiality agreements the data made available by Exxon under the sale process, reported quoting unofficial sources.

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