Friday 4 August 2023

OMV Petrom, the largest integrated energy company in Southeastern Europe, announces that the Development Plan for the Domino and Pelican South natural gas commercial fields in the Neptun Deep Block was endorsed by the National Agency for Mineral Resources. With this stage finalized, the Neptun Deep project enters the development phase, which includes the execution of drilling activities and construction of the infrastructure necessary for the extraction of natural gas.

Christina Verchere, CEO OMV Petrom: „With the confirmation of the Development Plan, Neptun Deep project moves into the technical implementation phase. We have a dedicated team with decades of experience in developing such large-scale complex projects. Neptun Deep, the largest natural gas project in the Romanian Black Sea, will contribute to Romania’s energy security and economic welfare. We thank all the partners involved in the project, including the Romanian authorities, and look forward to continued collaboration in the future”.

OMV Petrom and Romgaz will invest up to EUR 4 bn for the project’s development phase, which will enable ~100 bcm of natural gas to be brought on stream. First production is estimated for 2027.

The infrastructure required for the development of the Domino and Pelican South offshore natural gas commercial fields includes 10 wells, 3 subsea production systems and associated flow lines, an offshore platform, the main natural gas pipeline to Tuzla and a natural gas metering station. The platform generates its own energy, operating at the highest standards of safety and environmental protection. The offshore platform, wells and fields will be operated remotely, through a digital twin. This allows for process optimization and will contribute to the improvement of environmental performance, by making energy consumption more efficient and minimizing emissions.