Pelican South gas field

Energy companies OMV Petrom and Romgaz on Wednesday backed plans to develop the Domino and Pelican Sud commercial natural gas fields in the Romanian Neptun Deep perimeter in the Black Sea.

The two companies will invest up to 4 billion euros for the development phase of the project, which will generate production of about 100 billion cubic meters of natural gas over ten years.

Energy Minister Virgil Popescu met on Wednesday with the representatives of the US company ExxonMobil, and one of the topics of discussion was the collaboration with Romgaz in the field of carbon storage, according to a post on the minister's Facebook page.

Romgaz is ready to take over ExxonMobil's share in the Neptun Deep Black Sea offshore natural gas project, and funding that will be a mix of equity and raised money, Romgaz Director General Aristotle Jude told a news conference on Tuesday. "On March 31, we submitted an offer to take over ExxonMobil's share in the Neptun Deep block.

 Romania's interest is for investment in the Neptune Deep field in the Black Sea to start in 2022, otherwise the natural gas there will lose its value, said on Thursday Director of the National Mineral Resources Agency (ANRM) Sorin Gal.

Romanian giant OMV Petrom opened and developed new gas reserves in the southern part of the country. The company probed a new well near its existing Mamu field, at a depth of 4400 m where it found gas and condensate. The new well has already begun production at the end of October, extracting over 190,000 cubic meters of gas per day, the company said, reports money.bg

Romanian energy company Romgaz on Thursday inaugurated Romanian's biggest onshore natural gas deposit in three decades, with Prime Minister Sorin Grindeanu and ruling Social Democrat chief Liviu Dragnea attending, the government announced.

A new gas deposit has been located in Romania's portion of the Black Sea. Rough estimations point to approximately 20-25 B cubic meters.

The discovery was made on Thursday by a third exploration well located in the Neptun region and was sponsored by both the Romanian company OMV Petrom and the US ExxonMobil.

Romania's OMV Petrom, the largest oil and gas company in the country, is to start delivering natural gas to Moldova on January 1 through the Iasi-Ungheni pipeline, the company said.

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Romania's OMV Petrom and US oil giant ExxonMobil have started drilling at a third exploration well in the Neptun Block off the Romanian Black Sea coast, Petrom said on Monday.

"The Pelican South-1 well will test a new geological structure on the Neptun Block," Romania's biggest oil and gas group said in a statement.

ExxonMobil Exploration and Production Romania Limited (EMEPRL) and OMV Petrom have started drilling with exploration derrick Pelican South-1 for a new prospect in the Neptune block, by oilrig Ocean Endeavour, according to a press release issued by the two companies for AGERPRES, on Monday.