Romgaz Finalizes the Takeover of the Participation in Neptun Deep Project

Source: www.gulfoilandgas.com 4/23/2021, Location: Europe

OMV Petrom, the largest energy company in South-Eastern Europe and Romgaz, the largest producer and main supplier of natural gas in Romania, are cooperating to unlock the natural gas resources in the Black Sea. These are essential for Romania's energy security, for the success of the energy transition and for generating economic growth.

In case of acceptance of the Romgaz offer by ExxonMobil, OMV Petrom will act as operator for Neptun Deep block.

Christina Verchere, CEO of OMV Petrom: „The Black Sea is a unique opportunity for Romania and we are committed to contributing to its materialization. OMV Petrom has over 40 years of offshore experience as operator in the Black Sea and also benefits from OMV Group’s international deepwater capabilities.”

Aristotel Jude, general manager of Romgaz: “We are ready to act as equal partners to make this strategic project happen. If our offer is accepted, OMV Petrom will become the project operator.”


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