The National Agency for Mineral Resources (NAMR) states it is very close to opening a new international bid round for the concession of new petroleum blocks. The latest bidding round was organized in 2010, when 30 petroleum concessions were auctioned, with a total surface area of 30,000 square kilometers, in the west of Romania, Dobrogea and in the continental shelf of the Black Sea. Even if this auction was postponed year after year, NAMR states it is currently preparing the last details.
"From the technical perspective, NAMR has prepared a new bidding round offshore and onshore. The final details are set to ensure that the bidding round will have the desired impact and be concluded successfully ", according to the response submitted by National Agency for Mineral Resources (NAMR) to wall-street.ro questions. The latest bidding round was organized in 2010, when 30 blocks were auctioned, with a total surface area of 30,000 square kilometers, in the west of Romania, Dobrogea and in the continental shelf of the Black Sea. Out of the 30 blocks auctioned, NAMR awarded exploration and exploitation licenses for 20 petroleum blocks to Hungary's MOL, U.S.company Chevron and Russia's Lukoil. At the next bidding round, NAMR would organize for concession 30 petroleum blocks, onshore and offshore. Mid last year, NAMR president estimated that petroleum block would have an surface area of approximately 1,000sq km. In Romania, in 2014, there were 452 fields in exploration, development and exploitation, most of them under the concession of the "traditional" oil and gas producers, Romgaz Medias and OMV Petrom. Of the 452 petroleum concessions, 22 were green fields, according to NAMR.
Less contributions to the state budget from O&G companies
During the first nine months of 2015, NAMR collected royalties amounting a total of RON 1.06bn (EUR 238.7mln), almost 7% less than the same period of 2014, when it collected royalties of RON 1.14bn. Most of share in the collected royalties is from oil and gas production and the difference is represented by mining royalties. During January - September 2015, the contribution to the state budget of the oil and gas sector was RON 896.6mln, approximately 12% less than the contributions of the same period of 2014, amounting 1.01bn RON. Mining royalties raised in the first nine months with 40% at 166.6mln RON, compared with 118.5mln RON in the same period of 2014.