If work on the Neptun Deep block resumes, it will entail unfreezing billions of dollars in investments, on top of the $1.5 billion already invested in the Black Sea natural gas.
“We are ready to take on the operator role in case Romgaz gets into Neptun Deep.”
OMV Petrom has an uninterrupted Black Sea presence of more than 40 years and acquired valuable experience as an operator. It has solid knowledge about the geological structure of the Black Sea, has worked with world famous companies on various Upstream projects and, as part of an international group, has access to state-of-the-art technology and best project management practices. Petrom already has a team working the project and access to a team of experts in this field, Verchere added.
OMV Petrom’s natural gas production in the Black Sea covers 10% of Romania’s demand at the moment.
OMV Petrom is scanning the entire Black Sea area for future investments, as gas is seen as the solution of the region in its transition to clean energy, the official added.
(English version by Loredana Fratila-Cristescu)