Neptun Deep is in line with ROMGAZ development strategy, being the largest natural gas project in the Romanian area of the Black Sea and the largest development strategy in ROMGAZ Group portfolio.

Neptun Deep block is 7,500 km2 large and is located at approximately 160 km from the shore with water depths ranging between 100 and 1,000 meters.

Since 2008, the exploration activities in the Neptun Deep block have included two 3D seismic acquisition campaigns and two exploration drilling programs including eight drilling wells for survey and assessment.

The first gas discovery was in 2012 when the Domino-1 well, the first deepwater exploration well in Romania, confirmed the presence of natural gas.

The development of commercial fields consist of an infrastructure composed of 10 wells, 3 subsea production systems and associated flow lines, an offshore platform, the main gas pipelines to Tuzla and a gas metering station. The platform generates its own energy, operating at highest safety and environment protection standards. The entire infrastructure will be operated remotely by means of a digital twin. This allows process optimization and will contribute to improving environmental performance by means of efficient consumption and emission reduction.

OMV Petrom S.A. and S.N.G.N. Romgaz S.A. will invest up to EUR 4 billion for the development phase of the project.