The group american petroleum had announced that in 2015 the abandonment of its exploration projects of shale gas in Romania, the last european country where he was still active in this field (Photo JUSTIN SULLIVAN. GETTY IMAGES NORTH AMERICA)
The Romanian government said on Saturday that he had obtained, at the end of an international arbitration, that the giant u.s. oil Chevron (NYSE:CVX) pays him several million in compensation for waiving the exploration of shale gas in the country.
“The Chevron company shall pay to the national Agency for mineral resources the sum of 73.450.000$”, 58.948.701 euros and interest, pursuant to a decision of the court of arbitration of the international Chamber of commerce (ICC) located in Paris, according to a press release from the government.
The group american petroleum had announced that in 2015 the abandonment of its exploration projects of shale gas in Romania, the last european country where he was still active in this area.
Chevron had in the country of several hundreds of thousands of hectares of concessions to explore on the Black sea coast and in the north-east of the country.
ICC arbitration focuses on the cessation of Chevron in three concessions located on the edge of the Black sea. An agreement that exploratory work had been spent in 2011.
The Court has estimated, according to the press release, the american group had not complied with the commitment on financial of the “minimum program of operation established by the agreement of oil, and of the work of development and exploitation that were due at the date of notification of the renunciation of the project”.
In the north-eastern part of Romania, region de-industrialised and impoverished, Chevron had commenced exploratory drilling in 2014, in spite of the strong mobilization of the inhabitants and defenders of the environment opposed to the method of extraction of shale gas by hydraulic fracturing.