OMV Petrom and Romgaz, partners in the Neptun Deep offshore gas project, are preparing to drill a new exploration well as part of their concession agreement commitments. The companies have identified two potential drilling locations, both of which will undergo permitting, though only one site will ultimately be selected for operations. The exploration activity represents an estimated investment of $62 million.
This new well will add to the project’s existing eight exploration wells, all drilled to evaluate geological formations and assess hydrocarbon reserves in the Neptun Deep block.
The development follows the March 25 launch of drilling operations for Neptun Deep’s first production well, marking a significant step toward the project’s anticipated 2027 commercial gas production start date. The partners continue to progress Romania’s largest offshore gas initiative, which will contribute to both domestic energy supply and regional energy security.
