“OMV Petrom, operator of the Neptun Deep project, confirms submission of the commercial discovery statement by the lease holders. The commercial discovery statement is an intermediate step in the final decision-making process on the investment and the start of development,” OMV Petrom officials said.
The total investment of the lease holders was put at EUR4 billion. All required steps completed, the final decision on the investment is expected in mid-2023 and first natural gas production for early 2027, they added.
(English version by Loredana Fratila-Cristescu)