Neptun Deep advances towards first gas, expected in the first half of 2027

     

Neptun Deep advances towards first gas, expected in the first half of 2027

Neptun Deep advances towards first gas, expected in the first half of 2027
•    Production plateau expected to be reached by end of Q3 2027 
•    Annual production at plateau estimated at around 8 bcm (100%)
•    Development expenditure on budget at ~ EUR 4 bn (100%)

OMV Petrom and SNGN ROMGAZ SA, joint titleholders of the Neptun Deep block, expect first gas production to enter the National Transmission System (NTS) in the first half of 2027. Following the successful offshore installation of the Neptun Alpha shallow-water production platform and the recent progress achieved, the project remains on track, narrowing its milestone trajectory. Once first gas reaches the entry point NTS, the project will transition into a gradual ramp up and operational performance testing phase. Production plateau is expected to be reached by end of Q3 2027. 

More information and statements are available in the press release below.
Press Release - Neptun Deep advances towards first gas, expected in the first half of 2027
Neptun Deep

Secretariat Şi Comunicare

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Romgaz undertakes geological exploration in order to discover new gas reserves, produces methane by exploiting the reservoirs included in the company portfolio, stores natural gas in the underground deposits, interventions, workover and special operations on wells and technological transport. In 2026, ROMGAZ continued its development and vertical integration strategy by taking over AZOMUREȘ’s production operations, one of Romania’s leading producers of fertilizers for the agricultural sector.