The development work of Neptun Deep began in 2012 with the first commercial discovery, and at this moment I can say that the project is on schedule, and in 2025 we are ready to start drilling on the first well, Cristian Hubati, member of the Executive Board and responsible for Exploration and Production at OMV Petrom, said on Monday in a specialized conference."We started work on the platform superstructure in Indonesia in the middle of this year. We also started working on the platform legs in Italy. We have started the works on the gas treatment and metering plant, and this is happening in the country. We started in September. Soon, in 2025, we are ready to start drilling on the first well," Hubati said.In the view of the OMV Petrom representative, the share of gas in Romania's energy mix is expected to increase by 25% by 2030.The Neptun Deep project is developed by OMV Petrom and Romgaz (through its subsidiary Romgaz Black Sea Limited), each of the companies with a 50% shareholding. The investments required for the development phase of the project are up to four billion euros.Production was estimated at about 100 billion cubic meters of natural gas, equivalent to the current annual natural gas demand of about 4.3 million households multiplied by about 30 times.OMV Petrom is the largest integrated energy producer in South-Eastern Europe, with an annual production of crude oil and gas at group level of approximately 41 million boe, in 2023. The group has a refining capacity of 4.5 million tonnes annually and operates an 860 MW high-efficiency natural gas power plant. On the retail petroleum products distribution market, the group is present in Romania and in neighbouring countries through approximately 780 gas stations, under two brands - OMV and Petrom.
If you’re searching for a hidden gem in Europe, Romania is calling your name. Tucked between the Carpathian Mountains and the Black Sea, this country is an untouched marvel, combining natural beauty, rich history, and endless opportunities for entrepreneurs and retirees alike. Romania offers a unique blend of modern life and ancient charm, making it […]
Let’s talk about the lack of connection with our body and how this is closely tied to burnout, plus, what to do about it. So often throughout the day, we live almost entirely in our minds. We’re focused either on what we have to do at the moment—tasks that increasingly demand mental effort over physical […]
Six men and one woman from Romania have been accused of recruiting dozens of children and adults from foster care centers, whom they then transported to Hungary, where they turned them into slaves, forcing them to work under inhumane conditions. The accused are from the localities of Ozun and Chilieni, Covasna County, Romania, and allegedly […]
The Museum of Collectivization, the first in Romania dedicated to the forced collectivization period of the communist era, is set to open a new wing, Corp B, funded through the EU-backed National Recovery and Resilience Plan (PNRR) and co-financed by the National Cultural Fund Administration (AFCN). With the new building, the museum located in Tămășeni, […]
Romania’s “Madrigal – Marin Constantin” National Chamber Choir, conducted by Anna Ungureanu, will be in Luxembourg and Belgium, as part of the “Bridges Across Europe/Punți peste Europa” European tour, where it will perform five extraordinary concerts. The performances will take place between November 20 and 25, with the help of the Ministry of Culture, the Romanian Embassy […]
The European Development Bank approved a EUR 140 million loan for Romania’s “Cultural Foundations” project, aimed at preserving historical monuments and constructing cultural buildings in the country. The project targets 14 investment objectives of national and European relevance, administered by public institutions under the Ministry of Culture, including the Romanian Athenaeum, the Romanian National Operas […]
