about us | newsletter | contact | archive | members area
Corina Popescu, Transelectrica
High need for quality improvement in the public tenders area»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Romgaz to start drilling in Slovakia within few months

The state-run company Romgaz Medias (SNG), one of the two big gas producers in Romania will start in Q3 of this year exploitation drilling in the three concessioned areas in Slovakia, works which should have been started in 2013.

2015-07-08 10:16:46

"From the contract point of view, the areas in Slovakia got into a new phase of exploitation, phase which includes drilling works, acquisition of magneto-telluric data. The work programme for 2015 includes the drilling of two exploitation drilling wells at a depth of 1,200 m," the company said. In Slovakia, the exploitation phase could last until 2016.

Romgaz owns starting with 2008 a share of 25 per cent of the licence for the areas Svidnik, Medzilaborce and Snina in Slovakia. In the case of the projects in Poland, Romgaz owns a share of 30 per cent of two of the licences, taken in 2008 as well. The partners are San Leon Energy with a share of 45 per cent and another British company Sceptre Oil&Gas with 25 per cent.As regards the areas Cybinka and Torzym in Poland, they are in exploitation phase which could last until the beginning of 2017.

In 2014, Romgaz extracted 5.66 billion cubic metres of natural gas. The consolidation of the process of establishing the production at the level of 5.66 billion cubic metres for the fourth year in a row led to the annulment of the production decline. The Romgaz officials say that in the strategy of the company was included for the period of 2012-2016 a decline of production of maximum of 1.5 per cent /year.

Romgaz had in 2014 a net profit of 1.4 billion lei, up against the net profit of 2013, of 995,5 million lei.The turnover of the gas producer increased from 3.89 billion in 2013 to 4,49 billion lei in 2014. The estimated net profit for 2015 is 1.51 billion lei and the income from the exploitation is 4.58 billion lei. On 31 March 2015, the debts recorded and due to the activity of commercialising natural gas are 559.25 million lei. The main debtors are Interagro, Elcen Galati, Cet Iasi and GHCL Upsom.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  8312 Views
Daily Info
Banca Transilvania has become a shareholder of Victoriabank

Banca Transilvania has become a shareholder of Victoriabank, the third largest bank in the Republic of Moldova, with a total participation of over 66 per cent alongside the Eu...

Rezidor to open a new Radisson Blu to open in Timisoara

The Rezidor Hotel Group announced the signing of the Radisson Blu Hotel, Timisoara. This takes the group’s portfolio in Romania to four hotels, with two in operation and two...

Mihai Tudose announces his resignation as prime minister

Mihai Tudose announced on Monday evening, at the end of the Social Democrat Party (PSD) National Executive Committee (CExN) meeting, that he resigns as prime minister of Roman...

Garanti Bank expects a four per cent GDP growth rate in 2018

Garanti Bank estimates that the growth rate of the gross domestic product (GDP) could reduce speed in 2018, to four per cent, from 6.5 per cent in 2017, mainly due to a slower...

Contract for the purchase of 227 Piranha V armored personnel carriers, signed in presence of PM Tudose

The contract for the purchase of 227 Piranha V armored personnel carriers was signed on Friday in the presence of Prime Minister Mihai Tudose, Deputy Prime Minister Marcel Cio...

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
Iohannis: Justice independence, public positions' integrity are constitutional values not to be negotiated

Promoting the rule of law and Justice independence, fighting against corruption, ensuring integrity in public positions and dignities are constitutional values that cannot ...

Contract for the purchase of 227 Piranha V armored personnel carriers, signed in presence of PM Tudose

The contract for the purchase of 227 Piranha V armored personnel carriers was signed on Friday in the presence of Prime Minister Mihai Tudose, Deputy Prime Minister Marcel ...

Mihai Tudose announces his resignation as prime minister

Mihai Tudose announced on Monday evening, at the end of the Social Democrat Party (PSD) National Executive Committee (CExN) meeting, that he resigns as prime minister of Ro...

Ministry of Public Finances set to issue Euro-bonds worth 8 billion Euro in the next two years

The Ministry of Public Finances (MFP) contemplates issuing Euro-bonds worth approximately 8 billion Euro (equivalent) over 2018-2019, in the context of the implementation o...

Garanti Bank expects a four per cent GDP growth rate in 2018

Garanti Bank estimates that the growth rate of the gross domestic product (GDP) could reduce speed in 2018, to four per cent, from 6.5 per cent in 2017, mainly due to a slo...

Garanti Leasing signs a loan agreement for 15 million Euro with EFSE

Garanti Leasing, part of Garanti Romania, has signed a loan agreement of 15 million Euro with the European Fund for Southeast Europe (EFSE). The facility is meant to increa...

EIB supports the modernisation of infrastructure in Oradea

The European Investment Bank (EIB) is lending 21 million Euro to the Municipality of Oradea to finance improvements to its urban infrastructure. EIB funds will also support...