Acasă » Oil&Gas » More than 80% of the execution contracts already signed for the Neptune Deep project

More than 80% of the execution contracts already signed for the Neptune Deep project

16 December 2023

OMV Petrom continues to make progress in the implementation of the Neptune Deep project, with new contracts signed totaling 465 million euros. These are in addition to the previously announced 1.6 billion euros contract with Saipem for the offshore facilities, as well as other smaller contracts.

The company has signed an agreement with an estimated value of 325 million euros for the semi-submersible drilling rig Transocean Barents for a minimum period of one and a half years. Moreover, a contract of approximately 140 million euros was signed with Halliburton Romania for integrated drilling services.

” We are working with reputed international contractors and suppliers, who have the skills and experience to deliver this complex project”, said Christina Verchere, CEO OMV Petrom. “We also count on the experience of our local suppliers, who have specific knowledge of the Romanian environment so that we get the best possible outcome for Neptune Deep project.”

The agreement for the sixth-generation semi-submersible drilling rig includes crew and associated services, products, equipment and materials. The Transocean Barents is a state-of-the-art drilling rig with a Class 3 dynamic positioning system, anchors and dual RAM Rigs, meaning it can work efficiently at both our shallow and deep-water locations. Mobilization to the Black Sea is scheduled to commence towards the end of 2024, with drilling activities planned in 2025. In total, 10 wells are to be drilled.

Halliburton Energy Services Romania together with Newpark Drilling Fluids Eastern Europe will provide integrated drilling services. Halliburton’s international and local experience in Romania will be deployed on a wide range of services such as cementing, directional drilling and well completions.

The infrastructure required for the development of two fields comprises three subsea production systems, one at Pelican South, and two at Domino, with the associated flow lines and umbilicals, a shallow water offshore gas platform, the main natural gas pipeline to shore at Tuzla and a natural gas metering station. The offshore platform generates its own power, operating at the highest standards of safety and environmental protection. The wells and fields will be operated remotely, through a digital twin. A key aspect of the development concept is that natural reservoir energy is used to transport the gas to shore, eliminating the need for gas compression. This, together with other design features, ensures that emissions from the Neptune Deep development are kept to a minimum, well below industry norms.

In August this year, the company signed an agreement with Saipem S.p.A. and Saipem Romania SRL with a total estimated value of approximately EUR 1.6 billion for the management, engineering, procurement, fabrication, assembly, maritime transportation, installation, testing and commissioning services for the offshore facilities of the Neptune Deep project. In addition, the contract includes the testing and commissioning of the gas metering station and the near shore and onshore sections of the gas production pipeline.


About Transocean

Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. Transocean specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deep-water and harsh environment drilling services and operates the highest specification floating offshore drilling fleet in the world. Transocean owns or has partial ownership interests in and operates a fleet of 37 mobile offshore drilling units, consisting of 28 ultra-deep-water floaters and nine harsh environment floaters. In addition, Transocean is constructing one ultra-deep-water drillship.


About Halliburton

Halliburton is one of the world’s leading providers of products and services to the energy industry. Founded in 1919, it creates innovative technologies, products, and services that help customers maximize their value throughout the life cycle of an asset and advance a sustainable energy future.


About Saipem

Saipem is a global leader in engineering services for the design, construction and operation of complex infrastructures and plants in the energy sector, both offshore and onshore.

With five business lines – Asset Based Services, Energy Carriers, Offshore Wind, Sustainable Infrastructures, Robotics & Industrialized Solutions – Saipem is One Company present in around 60 countries with over 30,000 employees of more than 130 nationalities, providing the world the innovative excellence of its people and partners for over 65 years.

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