OMV estimates Neptun Deep will require less than EUR 4 bln in production phase

After the new Offshore Law comes into force, it will take between 9 and 12 months to make a final investment decision and another four years before starting gas production, Austrian group OMV's CEO Alfred Stern explained in an interview with APA news agency, speaking about the Neptun Deep offshore perimeter in Romania's Black Sea.   "The main issue is the tax regime for offshore oil and gas production in the Black Sea. This ...

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