The approval is extended for 15 years, until 2045.

According to the media, the Romanian government approved the decision on extending its agreement with OMV Petrom and ExxonMobil on the Neptun Deep natural gas perimeter in the Black Sea. The decision will be valid for 15 years, until 2045.

The concession agreement for the exploration, development and exploitation of the XIX Neptun perimeter was initially approved in 2000, through a government decision, being valid until 2030.