The National Natural Gas Company Romgaz has announced the continuation of exploration within the XIX Neptun perimeter, but also the initiation of new exploration activities to identify and evaluate the energy potential of the Black Sea. The company claims that the Neptun Deep perimeter is a key investment area for Romgaz in its capacity as co-owner (through Romgaz Black Sea Limited) with a 50% stake, the other 50% being held by OMV Petrom S.A which also has the capacity of operator.
According to the cited source, while the development works of the Domino and Pelican Sud fields are progressing, exploration activities will be carried out to identify and evaluate the energy potential of the Black Sea, activities that also involve the drilling of an Anaconda-1 exploration well in the deepwater area immediately after the completion of the development drilling.
Exploration activity is one of Romgaz’s main activities, through which the company aims to identify and evaluate the energy potential of the concessioned areas. Exploration activity is an important component of the company’s development strategy in both the offshore and onshore segments, the press release states.
“The Neptun Deep perimeter in the Black Sea represents an important investment area for our company and we are determined to successfully carry out development and exploration projects, which have a special significance in the group’s investment share. Exploration activity in Neptun Deep will form part of the Romgaz group’s business activities in the long term, will strengthen its investment capacities and will contribute to strengthening the Romgaz group’s profile on the energy market in Romania and the region,” said Răzvan Popescu, the company’s general manager, quoted in the press release.
For his part, Aristotel Jude, Deputy General Manager of Romgaz, emphasized that the extension of the exploration phase in Neptun Deep is the successful result, in the national strategic interest, of negotiations between the Government of Romania, the National Regulatory Authority for Mining, Petroleum and Geological Storage of Carbon Dioxide and the Holders of the Neptun Deep Concession Agreement.
“We continue Romgaz’s firm commitment to making investments in the energy sector in Romania, in line with the company’s development strategy and strategic objectives in the energy sector,” he stated.
