On July 3rd, 2012, the U.S. Commercial Service of the American Embassy organized another edition of an “Energy Soiree” at the Radisson Blu Hotel in Bucharest. The event featured State Counselor Mihnea Constantinescu who shared with the audience the latest priorities of the Romanian Government for the energy sector. The event gathered about 60 senior executives from the Romanian energy sector.
The sponsor of the evening was ExxonMobil, the largest publicly-traded international oil and gas company, which earlier this year confirmed a gas discovery offshore Romania. ExxonMobil uses technology and innovation to help meet the world’s growing energy needs, holds an industry-leading inventory of oil and gas resources, is the largest refiner and marketer of petroleum products and its chemical company is one of the largest in the world. ExxonMobil affiliates or predecessor companies have been operating in Romania since 1903.
ExxonMobil is highly experienced in deepwater exploration, with more than 250 of the 7,800 wells drilled by the company over the last decade drilled in water depths of 750 meters or more.
ExxonMobil Exploration and Production Romania Limited and Petrom signed an agreement in November 2008 for ExxonMobil to acquire a 50 percent interest in the deep water portion of the Neptun Block. Since then, the two companies have worked closely together to acquire 3D seismic and evaluate the block’s hydrocarbon exploration potential, including drilling their first well “Domino-1” where the gas discovery was made.