Romgaz announces the start of production in the deep area of ​​the Caragele structure, through the 77 Rosetti well, with a daily production potential of over 1500 boe.

Adrian Volintiru, the General Manager of Romgaz said: “This result rewards the special effort of the company in the last period of time, to explore at great depth, under difficult conditions, but with the prospect of confirming important accumulations of hydrocarbons, in the perimeters in concession. The exploration and development work in this area will continue at a sustained pace, for the potential increase of the volume of the estimated resource, as well as for its use. At the same time, Romgaz has intensified the exploitation in the medium depth area of ​​the Caragele structure, by introducing into production two new wells, with an average daily flow of over 1000 boe.”

The three wells offer a new perspective to the Caragele structure, by increasing daily production by approximately 30%, which has led to an increase of the total production of the company by 1.4% in January.