ROMGAZ management business visit

On Friday, May 23rd, we had the pleasure of visiting, together with the Deputy General Manager Aristotel Marius JUDE, the Chairman of the Board of Directors Dumitru Chisalita and the production exploration team, the 54 Damianca, 78 Rosetti well and the Caragele production groups.

As a result of the investments made by S.N.G.N. ROMGAZ S.A. in the first quarter of 2025, the production obtained from the Caragele field increased, representing 7.6% of Romgaz's total production, versus 6.6% in 2024.

The completion of the drilling of the 78 Rosetti ST exploration well, the execution of the adduction line and the successful completion of production tests led to the commissioning of the well in May. Well 6 Caragele was put into production after carrying out a capital repair operation (side track), and at Well 54 Caragele the surface works were completed in order to start the drilling process, the drilling rig being mobilized on site, its installation being completed by the middle of the current year.

Also, construction permits were obtained for two more exploration wells, four other wells being in various stages of obtaining construction permits.

For the development of the Caragele Deep project, ROMGAZ will continue to invest in the drilling of new deep-sea wells and the expansion of the productive infrastructure, capable of processing the volumes of hydrocarbons extracted from the future wells. These projects will involve a total investment of over 1.3 billion lei from own sources.

Thank you to all colleagues for their efforts and commitment to maintaining the highest standards in our operations!

26.05.2025