Radisson Blu Hotel, Amsterdam
Nov 18 2014 - Nov 19 2014 | 
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Romania holds a number of onshore and offshore petroleum basins which are considered under-explored, with both conventional and unconventional potential. Reasons why now is the right time for you to invest in this exciting market, include:
- The Black Sea is attracting increased international interest due to plans for drilling several key exploration wells, such as the estimated $1 billion exploration program by OMV and ExxonMobil Exploration and Production
- There is an estimated 1.4 trillion cubic metres of unproven wet shale gas, the third largest deposit in Europe, according to the US Energy Information Administration
- Exploration permits have been granted to international companies, such as Chevron
- Romania is moving towards energy market liberalisation with a law that pledges to bring national legislation to the same level reached by other EU members
