On 24 October 2019 Romgaz signed a memorandum of understanding (MOU) with Azerbaijanâs state energy company SOCAR to establish a strategic cooperation in the field of exploration and production of hydrocarbons. For Romania, the two companies would be considering a partnership to explore the Black Sea.  In August 2019 Romgaz disclosed that the group was looking for partners ahead of bidding for offshore concessions as part of the upcoming 11th licensing round.
Romgaz signed a memorandum of understanding (MOU) with SOCAR to establish a strategic cooperation in the field of exploration and production of hc.