“The Black Sea is a unique opportunity for Romania and we are committed to contributing to its materialization. OMV Petrom has over 40 years of offshore experience as operator in the Black Sea and also benefits from OMV Group’s international deep-water capabilities,” said Christina Verchere, CEO of OMV Petrom.
Romanian state-owned natural gas producer Romgaz announced in March it had submitted a binding bid to acquire Exxon’s 50% stake in the Neptun Deep.
“We are ready to act as equal partners to make this strategic project happen. If our offer is accepted, OMV Petrom will become the project operator,” said Aristotel Jude, general manager of Romgaz.
The Neptun Deep offshore block is estimated to hold natural gas resources amounting to as much as 84 billion cubic meters. Exxon and OMV Petrom have invested $1.5 billion in exploration of the block so far.