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 2029, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2066.

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: Schlumberger, Jacobs Solutions, Loews, Halliburton Energy Services Romania and Newpark Drilling Fluids Eastern Europe

About OMV

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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This content was updated on 7 February 2024

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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

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.