LUKOIL wins a tender for exploration and development of two offshore blocks in Romania

The respective stakes of LUKOIL Overseas and Vanco in the consortium are 80% and 20%.
The Est Rapsodia and Trident blocks are located in the Black Sea at water depths ranging from 90 to 1,000 meters. The distance to the coastline is 60-100 kilometers, the nearest town on the coast is Sulina. The total area of the two license blocks is about 2,000 square kilometers. A 3D seismic study is required to assess the geological structure of the blocks.
In accordance with the conditions of the bidding, LUKOIL Overseas is to sign a concession agreement with the National Agency for Mineral Resources of Romania within the next six months.
An office of LUKOIL Overseas will be established in Romania to operate the project.