Black Sea Gas Extraction Receives Environmental Approval

Written by Kathrine Frich

Jun.20 - 2024 5:35 PM CET

Photo: Shutterstock
Photo: Shutterstock
Neptun Deep Receives Environmental Approval

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Neptun Deep, a significant natural gas project in the Black Sea, has received environmental approval from the Constanta Environmental Protection Agency (APM) according to Ziare.

A Crucial step forward

This milestone marks a crucial step forward for the initiative, estimated to cost a total investment of $4 billion USD.

According to Christina Verchere, CEO of OMV Petrom, drilling at Neptun Deep is scheduled to commence in 2025, with the first gas deliveries expected by 2027.

This project holds strategic importance for Europe, contributing to energy transition efforts and enhancing energy security.

Extracting Natural Gas from the Black Sea

The Neptun Deep project focuses on developing natural gas resources from the Pelican Sud and Domino fields in the Black Sea.

Pelican Sud, located at a depth of approximately 130 meters on the continental shelf, and Domino, deeper at around 1000 meters beyond the shelf, are pivotal to the project's objectives.

Plans include setting up underwater drilling centers, such as the Domino Drilling Center 1 (DODC1) and Domino Drilling Center 2 (DODC2), alongside the Pelican Sud Drilling Center 1 (PSDC1).

These centers will facilitate the extraction process using sophisticated subsea infrastructure, aiming to position Romania as a major natural gas producer within the European Union.

Future Steps and Economic Impact

With environmental clearance secured, Neptun Deep progresses toward its next phases of construction and drilling.

The project anticipates a production capacity of 100 billion cubic meters of natural gas, sufficient to meet Romania's domestic needs for approximately nine years.

This endeavor not only promises substantial economic benefits but also underscores Romania's commitment to enhancing its energy independence and regional stability through sustainable energy projects like Neptun Deep.