OMV Petrom ready to drill for gas in the Black Sea, it is hiring

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OMV Petrom, the operator of the Neptun Deep gas field in the Black Sea project, is prepared to kick off drilling and has started to train its team of specialists. The first well will be drilled next year, and actual production will begin in 2027. The deposits in this perimeter are estimated at 100 billion cubic meters, ten times more than Romania’s annual consumption.

OMV Petrom has planned investments of over 2.3 billion lei this year in the Neptun Deep project.

Last year, about 80% of the contracts were awarded, and this year all contracts are expected to be completed. The company will focus on the activities of obtaining the permits and the construction works will be started. The first well will be drilled next year, and the first gas is planned for 2027.

“Within the Neptun Deep project, we are already training the next generation of operators. We have people mobilized on the operating side, a core that will expand as we reach the operating phase. It’s good practice to do it this way, because future operators will have all the insights from the inside, from the design, execution and testing and commissioning period. We are already preparing the future”, said Cristian Hubati, member of the OMV Petrom directorate, responsible for the exploration and production activity, in a press conference.

He revealed that hiring for this project has already started since last year. We have a plan to grow the team, we are bringing specialists in-house for execution, for operation, for design,” he added.
Hubati added that there is a special team that deals with project-related risks, such as safety: “It is a team of specialists with extensive international expertise, more than 7 nationalities within the team, with specific experience in deep offshore projects. We have been an operator for 40 years in the Black Sea basin and we are familiar with what is happening there and obviously prepared”.

The Neptun Deep perimeter in the Black Sea has an area of 7,500 square km and is located approximately 160 km from the shore, in waters between 100 and 1,000 meters deep.
Exploration, exploitation and production rights are held by OMV Petrom and Romgaz, each with a 50% stake. OMV Petrom is the operator in the project.
During exploitation, it is estimated that Neptun Deep will supply a total volume of about 100 billion cubic meters of natural gas. For comparison, Romania’s gas consumption is currently around 10 billion cubic meters per year.
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