Bogdan Tudorache

The line of temporary appointments in state-owned companies continues, despite previous government promises. Thus, Romgaz convenes, for September 9, the Ordinary General Meeting of Shareholders (OGSM), for the election of seven temporary managers, with a term of four months. This, in the context in which the company has a new investment strategy, which requires continuity in management, as Energynomics reported here. At the same time, there is a very sensitive period, of attracting European funds for major projects for state-owned companies.

Thus, the new management of Romgaz will create a five-year strategy, which “takes into account the European Green Deal” and the European provisions on renewable energy, said previously CEO Aristotel Jude, who announced new performance indicators.

“If Exxon accepts the offer, an immediate priority will be to negotiate the contract to take over the company’s stake in Neptun Deep,” said Jude. Another priority is the construction of the Iernut plant by the end of this year. At the same time, Romgaz will ask ANRM to extend its exploration agreements for eight more perimeters by another six years, as they expire in 2021.

“Another priority objective is to review and update the development strategy of Romgaz for the next five years… and another objective, to ensure the premises and conditions necessary for the development of the supply business,” both to domestic customers and companies, said Jude.

“We want to expand the supply business as much as possible.”

Another priority objective will be the Hălânga power plant, by renegotiating the GSP Power supplier status. The plant will have a capacity of 150 MWe on gas and 50 MW solar, which will be integrated with green hydrogen production.

“Very important in this short term is also the elaboration and implementation of a digitalization strategy, so as to ensure the complete digitalization of the production process – automation of wells and production facilities, so that they are monitored in real time, so as to we reach an optimized predictive maintenance,” he added.

At the same time, the Caragele structure will receive a new management project, the investments taking into account the increase of the current production of 1 million cubic meters per day, made by the 20 wells, of which only one operates in the deep area of over 4,000 m. Yet, another 12 deep wells will be put into operation.

“We want to include Romgaz’s future projects in the European Green Deal and its climate neutrality ambitions,” Jude concluded.