Romgaz restarts, by own forces, the drilling program in the Caragele perimeter, after years of blockages, the Minister of Energy, Sebastian Burduja, said on Saturday, during a work visit.
According to a press release from the ministry, the Caragele project is the most important onshore investment in the exploration portfolio of the SNGN Romgaz SA company and already has an important contribution to the national production of hydrocarbons.
During the visit, Sebastian Burduja emphasized the importance of the Caragele project, probably the biggest onshore discovery in Romania’s hydrocarbon sector in recent history, having an essential role in consolidating the country’s energy independence. “Romania has gas and the Romanians must benefit from it,” he added.
“From the beginning of my mandate, I decided with the management team of Romgaz, with the General Director Răzvan Popescu, to prioritize investments, especially Neptun Deep and Caragele. Today, Neptun Deep is on the schedule for the start of production in 2027, and Romgaz is restarting, here, by its own forces, the drilling program in the Caragele perimeter, after years of blockages. I visited Sonde 76 Rosetti today. Romgaz relies here on the Romanian contractor Foraj Sonde Craiova, with 100% Romanian technology and highly experienced Romanian engineers . They have already advanced over 1,500 meters in just two weeks, the work being ahead of schedule. In June, over 5,000 meters will be reached. If all the data is confirmed, production will actually start in 24 months,” he said.
According to him, the investment in the 76 Rosetti Well alone exceeds 100 million lei, and the total investment from Caragele will be over 1 billion lei by 2027.
“I asked my colleagues at Romgaz to maintain an accelerated pace of work. The management of the company and the project confirmed to me that important progress has been made and they are committed to keeping the pace. It is certainly an important objective strategic for Romania. The data related to the value of the reserves will be able to be confirmed during the next period, which is also the objective of the deep exploration stage. From the evaluations available at this moment, we can be optimistic that we are indeed discussing a significant potential, with a major contribution to Romania’s energy independence. Romania has resources and Romanians must benefit from them,” Sebastian Burduja also said.