Neptun Gas Field is a conventional gas development located in ultra-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, lies in block XIX Neptun Deep, with water depth of around 5,578 feet. Buy the profile here.
The project is currently in feasibility stage and is expected to start commercial production in 2027. Final investment decision (FID) of the project will be approved in 2023. The development cost is expected to be $4,260 m.
Field participation details
The field is owned by OMV and SNGN 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 2029, to approximately 420 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2066.
Remaining recoverable reserves
The field is expected to recover 202.46 Mmboe, comprised of 1,214.74 bcf of natural gas reserves.
OMV AG (OMV) is an integrated oil and gas company. It produces, markets chemical, oil and gas products and process solutions. The company explores oil fields in Central and Eastern Europe; North Sea; and the Middle East and Africa. It refines crude oil and processes it into petroleum products. 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. It operates natural gas transmission pipelines in Austria; holds interests in the Central European Gas Hub; and operates gas-fired power plant in Romania. The company sells processed petroleum products to commercial and private customers. OMV is headquartered in Vienna, Austria.
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