Neptun Deep Gas Fields

Summary Information

• Operator: OMV Petrom
• Country: Romania
• Location: Offshore Black Sea
• Production start: 2027 (Scheduled)
• Partners: OMV Petrom 50%, Romgaz 50%
• Type: Gas
• Estimated Reserves:
• Production Volume: Plateau 8 BCM per annum (expected)

Description

• The Neptun Deep block in the Black Sea has an area of ​​7,500 square km and is located at about 160 km away from the shore, in water depths ranging between 100 and 1,000 meters.
• The project involves the development of two natural gas fields, Domino and Pelican
• The infrastructure required for the development of the Domino and Pelican South offshore natural gas fields includes 10 wells, 3 subsea production systems and associated flow lines, an unmanned offshore platform, the main natural gas pipeline to Tuzla and a natural gas measurement station.
• The gas processing facilities are located onshore.

Contractors

• Saipem: Engineering, Procurement, Construction and Installation (EPCIC) of a gas processing platform at around100 metre water depth, three subsea developments (respectively at around 1000 metre water depth in the Domino field and at around 100 metre water depth in the Pelican field), a 30” gas pipeline around160 km long, and associated fiber optic cable from the shallow water platform to the Romanian coast.
• Transocean: Drilling
• Corinth Pipeworks: Manufacture and supply of approximately 160km of longitudinally submerged arc-welded steel pipes (LSAW)

History

• 2012 - The Domino field was discovered
• 2015 - The Pelican field was discovered
• 2022 - Romgaz acquired Exxon's stake in the project
• 2023 - Final investment decision
• 2023 - Major contracts awarded

Links

1. ExxonMobil / OMV Petrom: Deep water gas discovery offshore Romania
2. Romgaz successfully completed the transaction with ExxonMobil
3. OMV Petrom and Romgaz announce the decision to develop Neptun Deep, the largest natural gas project in the Romanian Black Sea
4. Corinth Pipeworks is awarded a contract to manufacture and supply the pipeline for OMV Petrom’s Neptun Deep Project in the Black Sea
5. Transocean Ltd. Announces $251 Million Harsh Environment Semisubmersible Contract
6. Saipem: awarded two new E&C offshore contracts in Romania and in Germany with a total value of around 1.8 billion euro | Saipem