Panfora Oil & Gas SRL, a subsidiary of MOL Group, is a Romanian-registered company specialized in the modern exploration and exploitation of conventional mineral resources. The company uses cutting edge technology to perform the work, following the highest EU and national standards for protecting health and environment.
Panfora is licensed by the Romanian Government and the National Agency for Mineral Resources for exploring and exploiting conventional hydrocarbons in Ex-6 Curtici Block, in the Arad County. The company is also having minority interests in two other blocks, EX-1 and EX-5, where it is a partner of Sand Hill Petroleum Romania SRL.
Panfora Oil & Gas SRL draws its experience and operational knowhow from its parent company, MOL Group, one of Central and Eastern Europe's leading international, independent oil and gas companies. MOL Group has been present in Romania for over 25 years with its network of filling stations and is one of the top 10 contributors to the state budget.
MOL Group's profound knowledge of the CEE region has provided an excellent base for recent expansion and has contributed greatly to its success in the international oil and gas industry.
Whereas MOL Group's traditional core area has been the CEE region, with over 80 years' continuous oil and gas industry presence and accumulated experience, thanks to the expansion of the E&P portfolio in the past several years, it has become an international business ,with a diversified Upstream portfolio that consists of oil and gas exploration assets in 14 countries and valuable production plants in 9 countries.