Neptun Gas Field is a conventional gas development located in deepwater in Romania and is operated by OMV. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Neptun Gas Field was discovered in 2012, lies in block XIX Neptun Deep, with water depth of around 3,280 feet. Buy the profile here.
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The project is currently in construction stage and is expected to start commercial production in 2027. Final investment decision (FID) of the project was approved in 2023. The development cost is expected to be $4,368 m. The Neptun Gas Field conventional gas development will involve the drilling of approximately 10 wells and includes subsea tree and wellhead platforms.
Field participation details
The field is owned by OMV and Societatea Nationala de Gaze Natural Romgaz.
Production from Neptun Gas Field
Production from the Neptun Gas Field conventional gas development project is expected to begin in 2027 and is forecast to peak in 2031, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2067.
Contractors involved in the Neptun Gas Field conventional gas field
Some of the key contractors involved in the Neptun Gas Field project as follows.
Design/FEED Engineering: Worley
Main EPC: Eni
Other Contractors: Noble, Schlumberger, Jacobs Solutions, Halliburton Energy Services Romania and Newpark Drilling Fluids Eastern Europe
About OMV
OMV AG (OMV) is an integrated oil and gas company. The company carries out the exploration of oil fields, refining of crude oil, and operation of natural gas transmission pipelines. OMV produces, markets, and processes a range of chemical, oil, and gas products. It refines crude oil and processes it into petroleum products. It operates natural gas transmission pipelines in Austria; and operates a gas-fired power plant in Romania. The company operates refineries in Austria, Germany, and Romania. OMV facilitates the transit of gas in Austria and carries out gas storage, marketing and trading operations. The company explores oil fields in Central and Eastern Europe; the North Sea; and the Middle East and Africa. OMV is headquartered in Vienna, Austria.
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This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
