ROMANIA OIL & GAS CONFERENCE & EXHIBITION 2017
21 November 2017, Ramada Parc Hotel Bucharest
After the price of the barrel has somehow finally stabilized, there has been renewed activity in the Balkans and the Black Sea Region. Over seventy onshore and offshore blocks are now open to exploration within the Balkans, major developments taking place in Greece, Montenegro, Bulgaria, and Croatia. Farther away, after its third licensing round in March, Cyprus selected ENI & Total, ExxonMobil & Qatar Petroleum, and Total for three offshore blocks in the Exclusive Economic Zone of Cyprus. That adds to the signing of an agreement with Egypt over the transport of natural gas between the two countries through a subsea pipeline.
In this regional context, Romania’s situation offers a promising view of opportunities, though clouded by a range of weaknesses. Romania could become a gas hub by 2020, when the gas pipeline that will connect the grids of Bulgaria, Romania, Hungary and Austria (BRUA) is scheduled to be completed. According to government plans, work on the pipeline will begin in the fourth quarter of 2017 and should be compulsorily completed in December 2019, as ExxonMobil and OMV Petrom are expected to begin extraction of natural gas from the Black Sea in 2020. On the other hand, there are signs of weaknesses in geo-political terms: decrease in international credibility, vulnerability of national security, sharp deterioration of reputation. Although progress has been made in Romania - the evolution of the BRUA project, the liberalization of domestic gas prices (April 1, 2017), the BSOG announcement on the start of gas production in the Black Sea in 2019 - unresolved issues and impediments still remain: ANRM’s long-overdue 11th licensing round, the delay of the fiscal package for the oil and gas sector, the decrease in domestic gas output, the increase of gas imports.
ROMANIA OIL & GAS Conference & Exhibition 2017 will address all those issues offering the oil & gas managers, international and Romanian experts, officials from government regulatory bodies, consultants and various O&G businessmen, the platform to share ideas, discuss solutions, and debate advanced scientific and sustainable technical solutions for the energy sector.
• Excellent opportunity to meet the officials who have a big say in the field
• Listen and learn from the front line experts how to achieve operational excellence in oil & gas production & transportation, how to improve energy efficiency in refineries, and excelling clean fuel production
• Find out more about ground-breaking innovations and connect with leading providers of solutions and services
• Officials and experts on the prospects of gas developments in Romania’s Black Sea region
• Trans-European gas networks: how they can help Romania become a major gas hub in the region
• Directions of development in Downstream sector
• The expansion of gas distribution stations networks; strategic coverage of the transportation routes; fuel quality standards; new types of fuels
• Innovative solutions, breakthrough technologies and equipment for the Oil & Gas industry