Saipem signed as main contractor for Neptun Deep
OMV Petrom, which is leading the development of the €4bn Neptun Deep project in the Romanian Black Sea, said August 3 it had signed a €1.6bn contract with Italy’s Saipem for engineering, procurement, construction, installation and commissioning (EPCIC) services at the project.
“With the signing of this contract, we are taking a major step in the development of the Neptun Deep project – practically, this marks the beginning of the execution phase,” OMV Petrom CEO Christina Verchere said. “We will continue to work at a pace so that we can safely produce the expected gas volumes starting in 2027.”
The project, sanctioned by equal partners OMV Petrom and state-owned Romgaz in June, is the largest natural gas project in the Romanian Black Sea. It will produce from recoverable reserves estimated at some 100bn m3.
Infrastructure for the development of Neptun Deep includes the development of two offshore gas fields, Domino and Pelican Sud, from 10 wells, three subsea production systems and associated flow lines, a shallow-water offshore platform in about 100 metres of water, and a 160-kilometre pipeline to Tuzla, where a gas metering station will be built.
The development plan for both Domino and Pelican Sud has been endorsed by Romania’s National Agency for Mineral Resources, OMV Petrom said in a separate statement August 3.