February 04, 2020

Romgaz announces the beginning of gas production from the deep reservoir of the Caragele field through the 77 Rosetti well, having a production potential of more than 1500 barrels of oil equivalent. In 2016, Romgaz identified an important discovery in the NE sector of the Moesic Platform within the Caragele field, at a depth of over 4000 m, and that weIl confirmed in production the initially announced discovery. The discovery required a specific time period for a comprehensive geological assessment of the hydrocarbon accumulation as well as for the design and preparation of development works to allow beginning of production. Romgaz CEO Mr Constantin Adrian Volintiru stated that: ‘Such a result rewards the significant efforts of the company, made over the last period, to explore at deep depths, in high risk condition but with a prospective confirmation of important hydrocarbon accumulations in the licensed biocks. The exploration and development works will continue at a sustained rate to allow for potential increase of the assessed volume of the gas originally in place, as well as the recovery of such. Romgaz has also intensified the production activities in the medium depth zone of the Caragele field by putting into production two new wells having an average daily flow rate of 1000 boe. The three wells put a new perspective on the Caragele field through an enhanced daily production by 30%, resulting in an increased gas production of the company by 1.4% in January 2020.
The Caragele gas field is a natural gas field located in Luciu, Buz?u County. The field discovery was announced on June 30, 2016, by Romgaz. Caragele is part of the company’s RG06 concession located in the North-Eastern Muntenia region. The field is a structure with a length of 35 km (22 mi) located at a depth of 4,000 m (13,000 ft) in Jurassic calcareous reservoirs. It is one of the largest onshore discoveries in Romania in the past 10 years
Romgaz performs exploration, development and production petroleum operations in eight blocks in Romania, with the main aim of continuing the exploration works to identify new hydrocarbon resources.
Romgaz is the largest natural gas producer and the main supplier in Romania. The company has a vast experience in gas exploration and production, with a history that began in 1909. ln 2013, Romgaz extended its scope of work by taking over the lernut thermoelectric power plant, and became an electric power supplier.
(Source: Romgas – Image: Well head in Caragele gas field/INQUAM/Adel Al-Haddad)