OMV Petrom advances Strategy 2030 execution
- €11 billion total investment plan to 2030, with €5.4 billion already invested.
- Neptun Deep first gas expected in H1 2027; plateau by end-Q3 2027 lasting nearly 10 years; 2–3 exploration wells planned by 2030.
- Integrated power: 0.9 GW Brazi gas plant plus >1.3 GW renewables and >0.3 GW battery storage capacity (net) targeted by 2030.
- Petrobrazi SAF/HVO unit due 2028 with 250,000 t/year capacity; green hydrogen electrolyzers totalling 55 MW; retail EV chargers to reach ~5,000 by 2030.
Strategy progress and capital allocation
Around half of the €11 billion investment programme for 2022–2030 has been spent, with €5.4 billion invested since Strategy 2030 was launched. Annual investments are expected to average ~€1.7 billion in 2024–2026 and ~€1 billion in 2027–2030; low and zero‑carbon projects account for about 25% of the total.
Black Sea development and production outlook
Neptun Deep works advanced in 2026 with installation of the Neptun Alpha platform and pipeline progress; first gas is confirmed for the first half of 2027, with plateau production targeted by end‑Q3 2027 and lasting nearly 10 years. The company plans 2–3 new offshore exploration wells in Romania and Bulgaria by 2030. Hydrocarbon production is targeted at ~170 kboe/d in 2030, with gas >70% (subject to license extensions and before potential 10–15 kboe/d divestments).
Power, refining and mobility projects
The Gas and Power portfolio combines the 0.9 GW Brazi gas plant with >1.3 GW of renewables (net) and >0.3 GW battery storage by 2030, with expected renewable generation >2.4 TWh in 2030. Petrobrazi refinery will add a SAF/HVO unit (250,000 t/year) in 2028 and two FID‑ed green hydrogen electrolyzers (55 MW modules delivered). Retail will target ~5,000 EV charging points by 2030.
Emissions and finance targets
OMV Petrom maintains a 30% absolute reduction target for Scope 1–2 emissions by 2030 vs 2019 and has adjusted its Scope 1–3 energy‑supply carbon intensity target from 20% to 10% by 2030 vs 2019. Financial targets include Clean CCS EBIT above €1.5 billion in 2030 (≈50% up from 2025) and a Clean CCS ROACE around 15% in 2030, with dividend payouts averaging ~50% of operating cash flow over the strategy period.
Source: OMV Petrom