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.
More than 680 houses in Suceava country and 170 houses in Neamţ county were impacted in the flash floods that hit northeastern Romania at the end of last week. Forty-one houses were completely destroyed, Raed Arafat, the head of the Department for Emergency Situations (DSU), announced on Friday, August 1. Three people were killed in […]
Romanian justice minister Radu Marinescu said on Thursday, July 31, that harsher penalties are being considered for violence against women and domestic violence, including the criminalization of femicide. The minister said that Romania currently has legislation that is fairly adequate, in line with European standards, for combating violence, including domestic violence. He also said that […]
Via Transilvanica, the long-distance trail that crosses the country, will apply to be the first accredited long-distance route in Romania after the government issued the methodological norms regulating the hiking trails of national interest. Tășuleasa Social, the non-profit that developed the trail, called the recently issued norms "a huge step that transforms a bold idea into...
Former prime minister and Social Democratic leader Marcel Ciolacu stated that he does not rule out a candidacy for the presidency of the Buzău County Council, after rumors to that end. PSD Buzău president Romeo Lungu had previously told journalists that discussions are underway for the former prime minister to run for the Buzău County […]
The Balneo-Physiotherapy Clinic in the Călimănești resort town, southern Romania, will undergo rehabilitation with a EUR 10 million financing from the European Union, according to representatives of the Vâlcea County Council. The project implementation period will be 24 months from the completion of the tender for the execution of the works, which include, in addition […]
Bringo, the first personal shopper-based rapid grocery delivery service in Romania, handling over 4,000 daily orders in more than 35 cities, launches a loyalty program that turns shopping into a continuous reward experience. "Beyond functional benefits like discounts, free delivery, or double refunds for SGR packaging collected right at your doorstep, Bringo YOU offers a […]
