“It is about an investment of RON31 million that generates an additional gas supply of 230,000 square meters per day. Starting today, the natural gas is delivered to the national gas transmission system. Also, until the first quarter of 2023, Romgaz will introduce into production, in the Snagov area [ed. near Bucharest], at least six wells, which will bring an additional supply of natural gas of about 800,000 cubic meters”, the minister also said.
According to Popescu, Romgaz has put into production 14 new operating wells from 2021 until now in order to support domestic production at a time when energy self-sufficiency is becoming critical.
“Since 2021 we have stepped up our efforts to complete an important stage in the development of the Snagov project. We carry out a sustained activity in order to maintain an average annual production decline below 2.5%, a strategic objective included in the Company’s Development Strategy, in the context in which the majority production comes from mature onshore deposits. Moreover, in order to achieve this objective and implicitly for obtaining additional production, ROMGAZ makes investments for geological exploration in order to discover new natural gas reserves and to introduce new production capacities into operation”, Aristotel Marius Jude, General Manager of ROMGAZ, said in a stock market report.
The Snagov project consists of the development of an infrastructure consisting of technological installations for 11 wells, four groups of wells, collecting pipes, a drying station and a gas measuring panel.