OMV Expects First Gas From Giant Black Sea Project in 2027

Natural gas production from the massive discovery in the Black Sea offshore Romania is expected to begin in 2027, Austria’s energy giant OMV said on Wednesday, adding that the project, Neptun Deep, is advancing as scheduled. Drilling for the first of ten wells began in March this year and is anticipated to take two to three months, OMV said in its first-quarter results release. Initial gas production at Neptun Deep is planned for 2027. The development concept of Neptun Deep includes ten production wells – four in the Pelican South field…