Petroleum Concessions & Farm-ins
Rights to explore for and produce oil and gas in Romania are granted by petroleum agreements with ANRM. We advise on bidding, negotiating, transferring and farming into these agreements.
Updated 28 October 2026 · General information, not legal advice
What the work covers
Bidding
Concession rounds, qualification and bid documents.
Negotiation
Petroleum agreement terms with ANRM, work programs and guarantees.
Approvals
Government decision approving the agreement and later amendments.
Transfers
Transfers of rights, farm-ins and changes of control of the titleholder.
- Work program. Minimum work obligations and guarantees carry penalties if not met.
- Royalties. Royalties and special taxes affect project economics and can change by law.
- Confidentiality. Petroleum agreements and data are subject to confidentiality rules.
- Bid and negotiation support
- Transfer and farm-in documents
- Approval filings
Who approves a petroleum agreement in Romania?
ANRM negotiates and signs it, and it enters into force after approval by government decision.
Does the offshore law change the rules for Black Sea projects?
Law 256/2018 adds specific rules for offshore operations, including on taxation, safety and the sale of gas, on top of the Petroleum Law.
Tell us the decision you need to make
Describe the transaction or regulatory issue, the Romanian assets involved and your timetable.
Consultation