Romgaz, the largest natural gas producer and the main supplier in Romania, has passed through a long road in its development, from an in-house to an international company, being a top European company nowadays.
Romgaz is a joint stock company whose majority shareholder is the Romanian State owning a 70% stake. The company is listed on Bucharest Stock Exchange and GDRs are transacted on London Stock Exchange.
The company has a vast experience in the field of gas exploration and production and a history that began in 1909 with the discovery of the first commercial gas reservoir in the Transylvanian Basin by drilling well Sarmasel.
Romgaz undertakes geological exploration in order to discover new gas reserves, produces methane by exploiting the reservoirs included in the company portfolio, stores natural gas in the underground deposits, interventions, workover and special operations on wells and technological transport.
Starting with 2013, Romgaz extended its scope of work by taking over the Iernut thermoelectric power station, and thus it became also electric power supplier.
The company dwells on the implementation of the latest technology in geologic exploration, gas production and underground storage, financed from its own or external sources. The company economic and financial position is characterized by the profit constancy and solvency. Thus, Romgaz is one of the state-owned companies that have fulfilled all the conditions for economic rise, turning into one of the most important companies in Romania.
Romgaz designs and plans all exploration works based on its own concepts by using modern professional software, assessments of the geological area’s prospectivity displaying specific features within the blocks under concession. These are performed by using specific surface exploration methods to identify the areas with hydrocarbon accumulations (prospects), followed by exploration drilling to prove the presence of accumulations.
Natural gas production
Romgaz natural gas production activities are performed by the two production branches with the headquarters in Medias and Tg. Mures, operating together over 140 commercial fields, located in Transylvania, Moldova, Oltenia and Muntenia.
Romgaz production branches are set up in 14 production departments: Filitelnic, Delenii, Medias, Roman, Danes, Agnita, Cristur (Medias branch) and Sangiorgiu de Mures, Sarmasel, Grebenis, Sangiorgiu de Padure, Taga, Muntenia and Oltenia (Tg. Mures branch).
These fields produce through 3240 wells and complex surface facilities made up of gathering pipes, gas heaters, impurities separators, compressors, dehydration stations and gas metering panels.
Electric Power Production and Supply
Electric power plant (CTE) Iernut is Romgaz’s SPEE Iernut Branch. CTE Iernut is a condensation electric power plant with intermediate superheating having 600 MW installed power. Its capacity to produce electric power accounts for 5% of the domestic/national market share.
The entire quantity of gas traded by Romgaz was sold on the internal market. Romgaz traded quantities delivered on free market both by bilateral negotiation and on the centralized market. Quantities delivered during 2018 have been traded 60% on the Romanian centralized market.
Technological Transport and Maintenance Branch
Romgaz performs, through one of its branches, transportation of goods and people, technological transportation particularly, and maintenance activity for the benefit of the company and third parties.
Romgaz Branch for Well Workover, Recompletions and Special Well Operations
SIRCOSS is the branch for well services of the National Gas Company ROMGAZ S.A. established in 2003 as a result of a reorganization process. This branch reunited all work teams and equipment used for the well workover and special well operations activities.
SIRCOSS specialises in well recompletions jobs, workover operations, special well operations and production tests in natural gas wells.
Starting from April 1st, 2018, SNGN ROMGAZ SA has unbundled its storage activities, according to Directive 2009/73/CE of the European Parliament and of the Council of July 13th 2009 and to the Electricity and Natural Gas Law no. 123/2012, art. 141, and DEPOGAZ Ploiesti Subsidiary SRL has taken over License no. 1942/2014 (transferred from SNGN ROMGAZ SA) for operating the natural gas underground storage system. The Underground Gas Storage Subsidiary DEPOGAZ Ploiesti SRL is completely owned by SNGN ROMGAZ SA.