{"id":443258,"date":"2017-01-11T16:59:58","date_gmt":"2017-01-11T16:59:58","guid":{"rendered":"http:\/\/www.moldova.org\/en\/?p=443258"},"modified":"2017-01-11T16:59:58","modified_gmt":"2017-01-11T16:59:58","slug":"frontera-resources-signs-agreement-exploring-producing-hydrocarbon-resources-moldova","status":"publish","type":"post","link":"https:\/\/www.moldova.org\/en\/frontera-resources-signs-agreement-exploring-producing-hydrocarbon-resources-moldova\/","title":{"rendered":"Frontera Resources signs agreement on exploring and producing hydrocarbon resources in Moldova"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span><p>Frontera Resources Corporation, an oil and gas exploration and production company with assets in Georgia, <a href=\"http:\/\/fronteraresources.com\/recent-news\/frontera-signs-concession-agreement-regarding-exploration-production-and-development-of-hydrocarbon-resources-with-the-government-of-moldova\/\">announced<\/a> that it signed the Concession Agreement with the Government of Moldova on the exploration, production and development of\u00a0oil and natural gas resources in Moldova.<\/p>\n<p>The Concession Agreement reportedly stipulates that Frontera has the exclusive right to explore for, produce and develop hydrocarbon resources within an are of approximately 3 million acres in southern Moldova.<\/p>\n<p><em>\u201cFrontera is very pleased to have concluded this important agreement with the Government of Moldova. With this new mandate, we look forward to bringing advanced technical resources to exploring the portion of the Dobrudga Basin that is situated within the southern portion of the country.\u00a0<\/em><em>Overall, our agreement represents a new milestone of U.S. investment in Moldova\u2019s oil and gas sector and also signifies the commencement of a focused effort to help the country advance towards energy independence from its untapped natural resource potential&#8221;,\u00a0<\/em>declared Steve C.Nicandros, CEO of Frontera.<\/p>\n<p>The 50 years agreement include an exploration phase of up to ten years, aside from basic standards provisions on royalty, environmental protection and performance criteria.<\/p>\n<p><a href=\"http:\/\/www.moldova.org\/en\/frontera-resources-wins-bid-extract-oil-natural-gas-moldova\/\">Frontera<\/a>\u2019s objectives in the country are to undertake technical evaluation related to the onshore Dobrudga Basin, an underdeveloped geologic province situated in the southern portion of the country.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.moldova.org\/en\/wp-content\/uploads\/sites\/2\/2016\/07\/Ungheni-Basarabeasca.jpg\" \/><\/p>\n<p>Besides the extracting during the Soviet times, the Government of Moldova tried to restart the oil and gas extraction in 1995, when the American Record LTD was given an exclusive concession for 20 years. In 2007, the exclusive rights were taken by the Government for not fulfilling the obligations. In 2008, Valiexchimp took over the extraction rights.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>Frontera Resources Corporation, an oil and gas exploration and production company with assets in Georgia, announced that it signed the Concession Agreement with the Government of Moldova on the exploration, production and development of\u00a0oil and natural gas resources in Moldova. The Concession Agreement reportedly stipulates that Frontera has the exclusive right to explore for, produce [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":442295,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-443258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"content_social_share":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span><p>Frontera Resources Corporation, an oil and gas exploration and production company with assets in Georgia, <a href=\"http:\/\/fronteraresources.com\/recent-news\/frontera-signs-concession-agreement-regarding-exploration-production-and-development-of-hydrocarbon-resources-with-the-government-of-moldova\/\">announced<\/a> that it signed the Concession Agreement with the Government of Moldova on the exploration, production and development of\u00a0oil and natural gas resources in Moldova.<\/p>\n<p>The Concession Agreement reportedly stipulates that Frontera has the exclusive right to explore for, produce and develop hydrocarbon resources within an are of approximately 3 million acres in southern Moldova.<\/p>\n<p><em>\u201cFrontera is very pleased to have concluded this important agreement with the Government of Moldova. With this new mandate, we look forward to bringing advanced technical resources to exploring the portion of the Dobrudga Basin that is situated within the southern portion of the country.\u00a0<\/em><em>Overall, our agreement represents a new milestone of U.S. investment in Moldova\u2019s oil and gas sector and also signifies the commencement of a focused effort to help the country advance towards energy independence from its untapped natural resource potential&#8221;,\u00a0<\/em>declared Steve C.Nicandros, CEO of Frontera.<\/p>\n<p>The 50 years agreement include an exploration phase of up to ten years, aside from basic standards provisions on royalty, environmental protection and performance criteria.<\/p>\n<p><a href=\"http:\/\/www.moldova.org\/en\/frontera-resources-wins-bid-extract-oil-natural-gas-moldova\/\">Frontera<\/a>\u2019s objectives in the country are to undertake technical evaluation related to the onshore Dobrudga Basin, an underdeveloped geologic province situated in the southern portion of the country.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.moldova.org\/en\/wp-content\/uploads\/sites\/2\/2016\/07\/Ungheni-Basarabeasca.jpg\" \/><\/p>\n<p>Besides the extracting during the Soviet times, the Government of Moldova tried to restart the oil and gas extraction in 1995, when the American Record LTD was given an exclusive concession for 20 years. In 2007, the exclusive rights were taken by the Government for not fulfilling the obligations. 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exploring and producing hydrocarbon resources in Moldova - Moldova.org<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.moldova.org\/en\/frontera-resources-signs-agreement-exploring-producing-hydrocarbon-resources-moldova\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cristi Vlas\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" 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