Adhoc report - OMV Petrom signed the main contract for Neptun Deep infrastructure development

In compliance with the Financial Supervisory Authority Regulation no. 5/2018 regarding issuers of financial instruments and market operations, as amended (“Regulation no. 5/2018”)

Date of report: August 3, 2023
Name of issuer: OMV Petrom S.A.
Headquarters: Bucharest, 22 Coralilor Street, District 1, („Petrom City”)
Telephone/fax number: +40 372 161930 / +40 372 868518
Sole registration number at the Trade Register Office: 1590082
Fiscal attribute: RO
Trade Register Number: J 40/8302/1997
Share capital: RON 6,231,166,705.80
Regulated market on which the issued securities are traded: Bucharest Stock Exchange and London Stock Exchange

Significant event to be reported:
OMV Petrom signed the main contract for Neptun Deep infrastructure development
Reporting in accordance with article 234 paragraph (1) letter i) of the Regulation no. 5/2018

OMV Petrom SA (“OMV Petrom”) is herewith reporting the signing of a contract with Saipem S.p.A. and Saipem Romania SRL (“Saipem”), whose value exceeds 10% of OMV Petrom turnover for the year 2022. Within the contract framework, Saipem will provide management, engineering, procurement, fabrication, assembly, maritime transportation, installation, testing and commissioning services for the offshore facilities of the project.

In addition, the contract includes the testing and commissioning of the gas metering station and the near shore and onshore sections of the gas production pipeline, which will be built by other contractors.

The contract has a total estimated value of approximately EUR 1.6 bn, which will be equally split between OMV Petrom and Romgaz Black Sea Limited as partners in the Operating Agreement for the development of Neptun Deep project.  

Christina Verchere
Chief Executive Officer
President of the Executive Board                                                         

Cristian Hubati
Member of the Executive Board
Exploration and Production