Discussions have commenced between Ukraine’s Naftogaz and Romania’s OMV Petrom regarding a potential partnership focused on gas exploration in the Black Sea. These preliminary talks are reportedly in the early stages, with any actionable plans likely deferred until the resolution of the ongoing conflict in Ukraine.
The offshore gas reserves under consideration are regarded as highly promising, although specific figures regarding recoverable volumes remain undisclosed. Industry experts characterize this discovery as one of the most significant untapped gas prospects in the region, where neighboring countries such as Romania, Bulgaria, and Turkey are actively pursuing their own offshore energy initiatives.
OMV Petrom’s established presence in the Black Sea could play a crucial role in any potential collaboration. The company is currently managing the Neptun Deep project within Romanian waters and is also involved in exploration efforts in Bulgaria, particularly in the Khan Asparuh block and a recently acquired stake in the Khan Tervel perimeter. Initial exploration activities have already been reported in Ukrainian offshore areas, including partial 2D and 3D seismic surveys, which are strategically located near Romanian exploration zones.
While neither Naftogaz nor OMV Petrom has made official statements regarding these negotiations, the topic of joint resource development has gained traction at higher political levels. Recently, Ukrainian President Volodymyr Zelenskyy met with Romanian President Nicusor Dan in Bucharest to discuss enhancing cooperation on offshore energy projects. Although specific outcomes from this meeting were not disclosed, it underscores a growing regional interest in unlocking Black Sea gas resources through collaborative efforts across borders.
