Companies involved in exploration and development activities in the Black Sea offshore Romania established the Romanian Black Sea Titleholders Association

May 29, 2014 – Companies involved in exploration and development activities in the Black Sea offshore Romania have established the Romanian Black Sea Titleholders Association (RBSTA). RBSTA members are titleholders of concessions offshore Romania and participate on a voluntary and equitable basis.

“The RBSTA aims to become the main knowledge point and voice among offshore oil and gas companies in Romania. We believe that a co-operation framework for operators in Romanian part of the Black Sea will bring significant benefits to the economic development of Romania”, John L. Knapp, RBSTA Chairman, ExxonMobil Exploration and Production Romania Limited.

The Association will represent the members’ interests in relations with central and local authorities, international institutions, media and other organizations.

The RBSTA’s goals are to promote best available health, safety and environment industry practices, support education and strategic planning in the energy sector, and develop cooperation with national and international agencies and organizations, thus contributing to a stimulating business environment for Romania’s offshore oil and gas industry.

Current titleholders of the Romanian Black Sea concessions represented in RBSTA are:

  • ExxonMobil Exploration and Production Romania Limited
  • Gas Plus International B.V.
  • Lukoil Overseas Atash B.V.
  • OMV Petrom S.A.
  • Petro Ventures Europe B.V.
  • S.N.G.N. Romgaz S.A.
  • Sterling Resources Ltd.

 

For more information please see www.rbsta.ro.
Contact person: Mihaela Dupleac, RBSTA Executive Director.