Chevron Committed to Working with Romania on Shale Gas Issues

Chevron Corp. remains committed to working with the Romanian government to address any concerns regarding shale gas development in Romania, a company spokesperson told Rigzone in an email statement.

Romania has ended a moratorium on shale gas exploration in order to boost its domestic energy resources and reduce its dependence on Russian fuel imports, Bloomberg reported Tuesday.

Meanwhile, Chevron has received no official notification from the Romanian government of a moratorium, a company spokesperson said. Gas development and production from shale formations has a proven record of being done in a safe and environmentally responsible manner, the spokesperson added.

Romania's government last year said it would seek a moratorium on shale gas drilling until European studies underway regarding hydraulic fracturing's environmental impact are finalized, Dow Jones Newswires reported.

Chevron began exploring for shale gas in Romania in 2010 after it was awarded three onshore blocks in the Dobrogea area in southwest Romania. Chevron in March 2012 obtained concessions for these blocks, which the company owns and operates. The blocks cover approximately 670,000 acres.

Karen Boman has more than 10 years of experience covering the upstream oil and gas sector. Email Karen at kboman@rigzone.com.

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