neptun deep gas project

Romania grants OMV Petrom and Romgaz two-year extension for Neptun Deep exploration Read More »

Romania grants OMV Petrom and Romgaz two-year extension for Neptun Deep exploration

Romania has granted OMV Petrom and Romgaz a two-year extension for exploration activities in the Neptun Deep offshore block, moving the deadline to November 2027 while keeping the overall concession period unchanged through 2045. The extension allows the partners additional time to complete their exploration commitments, including a new deep-water drilling campaign. As part of […]

Romania: OMV Petrom advances Neptun Deep exploration with new Anaconda-1 offshore well Read More »

Romania: OMV Petrom advances Neptun Deep exploration with new Anaconda-1 offshore well

OMV Petrom has launched the environmental approval process for a new offshore exploration well in the Neptun Deep block, aiming to determine whether additional gas deposits exist beyond the roughly 100 billion cubic meters already confirmed through earlier drilling at Pelican Sud and Domino. Together with state-owned Romgaz, OMV Petrom holds the concession for the

Romania: OMV Petrom and Romgaz invest €750 million in Neptun Deep offshore gas project to boost energy independence Read More »

Romania: OMV Petrom and Romgaz invest €750 million in Neptun Deep offshore gas project to boost energy independence

OMV Petrom and the state-owned company Romgaz have announced a €750 million infrastructure investment for the Neptun Deep offshore gas project in the Black Sea, following the issuance of an establishment authorization by Romania’s National Energy Regulatory Authority (ANRE). This funding will cover all essential foundational work required to bring the offshore field into production.

Romania: Court rules in favor of Neptun Deep gas project, rejecting Greenpeace lawsuit Read More »

Romania: Court rules in favor of Neptun Deep gas project, rejecting Greenpeace lawsuit

The Neptun Deep gas project, developed by OMV Petrom and Romgaz, is progressing despite legal challenges from the environmental NGO Greenpeace, according to Romanian Energy Minister Sebastian Burduja. The Bucharest Court recently ruled in favor of the project developers, dismissing Greenpeace’s lawsuit and ordering the NGO to pay compensation to Romgaz and OMV Petrom. Minister

Romania: OMV confirms Neptun Deep gas production to begin in 2027, boosting EU energy security Read More »

Romania: OMV confirms Neptun Deep gas production to begin in 2027, boosting EU energy security

Austrian energy group OMV announced that gas production from Romania’s Black Sea Neptun Deep project is set to start in 2027, marking a major step forward for European energy independence. The €4 billion venture is being developed jointly by OMV’s Romanian arm, OMV Petrom, and state-owned gas producer Romgaz, with both holding equal 50% stakes.

Romania: OMV Petrom and Romgaz advance Neptun Deep project with new exploration well Read More »

Romania: OMV Petrom and Romgaz advance Neptun Deep project with new exploration well

OMV Petrom and Romgaz, partners in the Neptun Deep offshore gas project, are preparing to drill a new exploration well as part of their concession agreement commitments. The companies have identified two potential drilling locations, both of which will undergo permitting, though only one site will ultimately be selected for operations. The exploration activity represents

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