U.S.-based energy services provider Expro has secured two contracts worth over $10 million with OMV Petrom, a leading integrated energy company in Southeastern Europe, for the Neptun Deep gas project in the Romanian Black Sea.
The contracts, described as major, will see Expro provide subsea landing string systems (SSLS), SeaCure cementing technology, tubular running services (TRS), and Coretrax Advance drilling tools to support offshore operations.
“With the awarding of these contracts, Expro is progressing our plans to expand operations and strengthen support for the energy industry in Eastern Europe and beyond,” said Andrei Ion, Expro’s Senior Area Manager for Europe, the Mediterranean, and the Caspian. “Neptun Deep is an important energy project for Romania, and we are proud to be selected to support its development.”
These contracts mark another milestone in Expro’s expansion in Romania, following the opening of a new office in Bucharest, the establishment of a new operational base, and a workforce growth initiative in the country.
The announcement comes just a week after Expro secured a contract to supply TRS for the first offshore carbon capture and storage (CCS) project in the Netherlands.
Located approximately 160 kilometers offshore in water depths ranging from 100 to 1,000 meters, the Neptun Deep block spans 7,500 square kilometers. The project is expected to have a carbon footprint of around 2.2 kg CO2/boe—significantly lower than the industry average of 16.7 kg CO2/boe.
A joint venture between OMV Petrom and Romgaz, each holding a 50% interest, Neptun Deep is slated to achieve first gas in 2027, with an estimated total production of 100 billion cubic meters of natural gas.
The project reached a final investment decision (FID) in June 2023, with an estimated investment of up to €4 billion for the development phase.