The move forms part of an on-going review of the company’s assets by the new management, which concluded that Block EIII-3 Cuejdiu was a non-core asset.
Europa’s partners Aurelian Petroleum with a 45% and SNGN Romgaz with 37.5% have also withdrawn their concession.
Europa said the company is focused developing its core assets including the Berenx gas appraisal project in onshore France and its UK assets which include three producing fields and a number of exploration licences.
The end of Phase II of the four year extension period of the initial exploration period for the Cuejdiu licence is 20 May 2012.
Europa now has interests in two concession areas in Romania, EPI-3 Brates and EIII-4 Bacau North A (Bacau).
