Sterling Resources sells its Muridava block stake (Romania)

Sterling Resources Ltd. has announced the transfer of its 40 percent interest in Block 27 Muridava in the Romanian Black Sea to Petroceltic Resources PLC.

According to Sterling Resources, approval of the transaction has been received from the National Agency for Mineral Resources (NAMR) of Romania.

Non-material consideration for the transaction will be received plus acceptance by the buyer of all of the outstanding obligations.

On March 26, 2015 Sterling announced the sale of its entire Romanian business to The Carlyle Group. The company says that completion of this sale to Carlyle is subject to satisfaction of certain conditions typical of a transaction of this nature.

The sale, announced today, of one of the concessions in the Romanian business, Block 27 Muridava, to Petroceltic Resources’ subsidiary Petroceltic Romania BV was contemplated by the recently announced agreement with Carlyle and has no impact on the sale to Carlyle, Sterling Resources explained.

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply