Pannonian

Commentary

The Romanian government is currently in the process of awarding new exploration licences which could yet revitalise exploration, and subsequently production, in the basin.

Updated

June 18, 2024

Location

Description

The Pannonian Basin Province (“PBP”) consists of a large compound extensional basin of Neogene age overlying Paleogene basins and interior elements of the greater Alpine foldbelt. The Neogene basin system is approximately 600km from east to west and 500km from north to south, excluding the associated Transylvanian and Vienna Basins. Geographically, it lies within the Alpine mountain belts of east‐central Europe and is bounded by the Carpathian Mountains to the north and east, the Southern Carpathian or Dinaric Alps to the south, and the Southern and Eastern Alps to the west.

Summary

The complex orogeny of the Romanian sector has resulted in complex geology and relatively small fields. However, the deregulation of the hydrocarbon regime in Romania is starting to attract investment in exploration.