“The arrival of the rig marks an important step in our journey to develop the first deep offshore gas project in Romania, together with our partner Romgaz. Neptun Deep is a strategic project for Romania and the EU. It will contribute to the country’s energy independence and economic growth. Our focus is on the safe and efficient completion of the project as we move towards first gas,” stated Christina Verchere, OMV Petrom CEO.
The Neptun Deep project is developed by OMV Petrom and Romgaz (through its subsidiary Romgaz Black Sea Limited), with each company having a 50% participating interest in the project. The investments necessary for the development phase are overall up to 4 billion euro. The total production is estimated at around 100 billion cubic meters of natural gas. First gas is expected in 2027.
Following the investment decision in June 2023, execution agreements have been signed with major international companies: the drilling rig, Transocean Barents, was contracted for a minimum period of one and a half years with integrated drilling services to be provided by Halliburton Romania.
Following arrival in Romania, the drilling rig will undergo preparation works which include rigging up the derrick and installing drilling equipment for its upcoming drilling assignment: drilling the production wells for the Neptun Deep project.
The infrastructure required for the development of the Domino and Pelican South commercial fields includes 10 wells, 3 subsea production systems and associated flow lines, one offshore platform, the main gas pipeline to Tuzla and a gas measurement station. The platform generates its own energy, operating at the highest standards of safety and environmental protection.
Following arrival in Romania, the drilling rig will undergo preparation works which include rigging up the derrick and installing drilling equipment for its upcoming drilling assignment: drilling the production wells for the Neptun Deep project.
(English version by Catalina Apostoiu)