Caragele gas field explained

Caragele
Country:Romania
Region:Buzău County
Block:RG06
Offonshore:onshore
Operator:Romgaz
Discovery:2016
Start Development:2020
Start Production:2020+
Est Gas Bft:986
Est Gas Bcm:28.2

The Caragele gas field is a natural gas field located in Luciu, Buzău County, Romania in the RG06 block. Announced by Romgaz on June 30, 2016, it was one of the largest onshore gas fields discovered in the country since 2005, with a length of 35km (22miles), depth of 4000m (13,000feet),[1] [2] and total proven reserves of around 986 billion ft3 (28.2 km3). Sorin Grindeanu, the Prime Minister of Romania at the time, dubbed it "the most important discovery" since the fall of communism in 1989.[3]

Test production conducted at the gas field in 2016 indicated that it will produce between 8.12 million ft3/day (0.23×105 m3) and 12.76 million ft3/day (0.365×105 m3) of natural gas and condensates for each drilled well after it begins operations.[4]

History

Work at the gas field started in May 2017, with Grindeanu, PSD leader Liviu Dragnea, and Senate President Călin Popescu Tăriceanu attending the launching ceremony.[5]

In January 2020, Romgaz announced that it had boosted gas production by 30% from the Caragele field with the start up of new wells.[6] According to data provided by the Romanian, the Caragele field produced of gas in 2022, making it the 5th largest in Romania in terms of natural gas production,[7] although its full potential remains to be realized. Indeed, the Caragele gas field had by then in gas reserves, making it the field with the largest onshore gas reserves in Romania.[8] According to comments made in August 2022 by Virgil-Daniel Popescu, the then-Minister of Energy of Romania, the Caragele gas field will start full production in 2023;[8] one month later, the deadline was pushed to 2024.[9] [10] Marcel Ciolacu (originally from nearby Buzău, and the current Prime Minister) estimated at the time that Caragele's gas could come online in early 2024.[3]

See also

Notes and References

  1. Web site: Romgaz anunţă două noi descoperiri într-un perimetru din Muntenia. 30 June 2016 . economica.net. 2016-06-30.
  2. Web site: New discovery in block RG 06 Muntenia Nord-Est. romgaz.ro. 30 June 2016. 28 January 2021. https://web.archive.org/web/20210128140615/https://www.romgaz.ro/sites/default/files/Press%20release%20%20-%20%20New%20discovery%20in%20block%20%20RG%2006%20Muntenia%20Nord%20Est_0.pdf. dead.
  3. News: Despite Living Atop A Gas Field, Romanian Villagers Are Still Burning Wood. Marian. Păvălașc. Radio Free Europe. September 12, 2022. January 24, 2024.
  4. Web site: Romgaz anunță o descoperire "importantă" de hidrocarburi în România. ro. Ziarul Financiar. 2016-06-30.
  5. News: Grindeanu, Tăriceanu și ministrul Energiei participă la prezentarea celui mai mare zăcământ onshore de gaze naturale de la Caragele. Este așteptat și Dragnea. ro. Grindeanu, Tăriceanu and the Minister of Energy participate in the presentation of the largest onshore deposit of natural gas from Caragele. Dragnea is also expected . Jurnalul de Buzău. May 12, 2017. January 27, 2024.
  6. News: Romania's Romgaz boosts gas production by 30% from Caragele onshore field. S&P Global. www.spglobal.com. January 31, 2020. January 24, 2024.
  7. News: Cele mai mari zăcăminte de gaze naturale din România după producția din 2022. Romanian. The largest natural gas fields in Romania after 2022 production. Great News. Andreea. Dogar. November 7, 2023. January 24, 2024.
  8. News: Comoara ignorată de la Caragele. România a plătit miliarde de euro pentru gaze pe care le putea scoate din propriul pământ. ro. The ignored treasure from Caragele. Romania paid billions of euros for gas that it could extract from its own land. Marian. Păvălașc. Radio Free Europe. August 18, 2022. January 24, 2024.
  9. News: Romania's Romgaz to extract gas from Caragele field in 2024  - minister. Reuters. September 21, 2022. January 27, 2024.
  10. News: Romanian minister assures Romgaz will begin production at its largest onshore field in 2024. Andrei. Chirileasa. Romania Insider. September 22, 2022. January 27, 2024.

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