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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

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OMV Petrom will lead offshore Neptun Deep operations if Romgaz replaces ExxonMobil

OMV Petrom (SNP), the largest energy company in South-Eastern Europe, will take over the operational management of the Neptun Deep offshore gas project in Romania's Black Sea if state-owned gas producer Romgaz takes over ExxonMobil's stake in the project.

So far, US group ExxonMobil has been managing the Neptun Deep project, where it is an equal partner (50-50) with OMV Petrom. Romgaz, which is strongly backed by Romania's Government, has submitted the only bid for ExxonMobil's stake in the project.

OMV Petrom and Romgaz are cooperating to unlock the natural gas resources in the Black Sea, which are essential for Romania's energy security, the success of the energy transition, and generating economic growth, according to a joint statement.

"The Black Sea is a unique opportunity for Romania, and we are committed to contributing to its materialization. OMV Petrom has over 40 years of offshore experience as an operator in the Black Sea and also benefits from OMV Group's international deepwater capabilities," said Christina Verchere, CEO of OMV Petrom.

"We are ready to act as equal partners to make this strategic project happen. If our offer is accepted, OMV Petrom will become the project operator," added Aristotel Jude, general manager of Romgaz.

OMV Petrom and Romgaz are the biggest gas producers in Romania, each covering about half of the domestic gas production. The two companies are listed on the Bucharest Stock Exchange.

andrei@romania-insider.com

(Photo source: the company)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

BVB
 

OMV Petrom will lead offshore Neptun Deep operations if Romgaz replaces ExxonMobil

OMV Petrom (SNP), the largest energy company in South-Eastern Europe, will take over the operational management of the Neptun Deep offshore gas project in Romania's Black Sea if state-owned gas producer Romgaz takes over ExxonMobil's stake in the project.

So far, US group ExxonMobil has been managing the Neptun Deep project, where it is an equal partner (50-50) with OMV Petrom. Romgaz, which is strongly backed by Romania's Government, has submitted the only bid for ExxonMobil's stake in the project.

OMV Petrom and Romgaz are cooperating to unlock the natural gas resources in the Black Sea, which are essential for Romania's energy security, the success of the energy transition, and generating economic growth, according to a joint statement.

"The Black Sea is a unique opportunity for Romania, and we are committed to contributing to its materialization. OMV Petrom has over 40 years of offshore experience as an operator in the Black Sea and also benefits from OMV Group's international deepwater capabilities," said Christina Verchere, CEO of OMV Petrom.

"We are ready to act as equal partners to make this strategic project happen. If our offer is accepted, OMV Petrom will become the project operator," added Aristotel Jude, general manager of Romgaz.

OMV Petrom and Romgaz are the biggest gas producers in Romania, each covering about half of the domestic gas production. The two companies are listed on the Bucharest Stock Exchange.

andrei@romania-insider.com

(Photo source: the company)

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