Beach Energy exits interest in Romania Block 28

Beach Energy Ltd.’s (ASX: BPT) wholly owned subsidiary, Beach Petroleum (CEE) SRL, has transferred its 30% interest in Block 28 Est Cobalcescu to the operator, Petroceltic Romania BV, a wholly owned subsidiary of Petroceltic International plc (AIM: PCI), for nominal consideration.

The transaction was approved by the National Agency for Mineral Resources of Romania, and Beach has no further commitments in Romania.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...