Ukraine's Naftogaz, which discovered 'substantial' offshore gas reserves in the Black Sea before Russia's invasion, is in talks with Romania's OMV Petrom to form a partnership relating to the field…
Ukraine's Naftogaz, which discovered "substantial" offshore gas reserves in the Black Sea before Russia's invasion, is in talks with Romania's OMV Petrom to form a partnership relating to the field, three industry sources told Reuters.
The sources did not indicate the amount of recoverable gas at the discovery, but one called it "one of the most promising gas fields in the Black Sea region", where Romania and Turkey are already developing deposits of their own.
Talks were at an early stage and development of the field would not start before the war ends, they said.
Still, the gas find could ultimately boost Europe's energy security as it cuts ties with Russia, while underlining the Black Sea's potential for further discoveries.
Naftogaz and OMV Petrom did not immediately respond to requests for comment.
One of the sources said seismic surveys had been partially carried out at the fields, which are near offshore Romanian perimeters, and 3D and 2D data were available.
The source said Ukraine was seeking business-to-business and government-to-government talks to attract Western deep-sea gas extraction technology.
Ukrainian President Volodymyr Zelenskiy said earlier this month, after meeting Romanian President Nicusor Dan in Bucharest, that the two countries aimed to pursue resource
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