Dentons has advised Romgaz on its completion of the acquisition of ExxonMobil Exploration and Production Romania Limited (EMEPRL), which holds exploration, development and production rights in the East Area, Deep Water Zone of the Black Sea XIX Neptune offshore block, located off the coast of Romania.

This transaction will allow Romgaz to achieve the objectives in its development strategy for the period 2021-2030.

This follows on from the firm’s announcement in May this year in assisting Romgaz in the signing of the US$1 billion acquisition of the shares of EMEPRL.

Partner Humphrey Douglas (London) and partner Claudiu Munteanu-Jipescu (Bucharest) coordinated the international M&A, assisted by senior associate Torquil Law in Edinburgh; senior associate Olympe Bory and associate Parisa Ahmadian in London; and Counsel Elena Vlasceanu and associates Cristina Staicu and Renata Ionescu in Bucharest.