Lukoil, Vanco win Black Sea blocks

LUKOIL Overseas and Vanco International are set to jointly explore two blocks in the Romanian sector of the Black Sea.
The duo has signed concession agreements with Romania’s National Agency for Mineral Resources for the Est Rapsodia and Trident blocks. LUKOIL Overseas will have an 80% interest and Vanco International 20%.
[Read more]
Source: Penn Energy