Industry Insights

Industry Insights

World’s First: Onshore Exploration and Production

12 August 2019

The first industrial production of oil in the world was registered in 1857 in the Romanian Principalities of Wallachia. In the same year, the first oil refinery was commissioned in Ploiesti.

Industry Insights

Hidden Treasures: OFFSHORE Exploration and Production

12 August 2019

The Black Sea is deemed by geologists to have significant resources of natural gas, with a theoretical potential of becoming a new North Sea. 

Industry Insights

A Rocking Boat: Legislation and Regulatory Bodies

12 August 2019

The instability of the legal and regulatory environment in Romania is a major hindrance faced by new investments, and a primary factor in the overall investor risk assessment.