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  • Confind Campina, one of the most important producers of oil equipment and oil outfit in Romania, is getting prepared to cover the empty space left behind by the former national producers in the field during the latest years. Romanian equipments produced by Confind reach international markets as well, while the beneficiaries acknowledge their quality, robustness and reliability. The company’s president Mr. Ioan Simion recounted how is it like to start an activity ‘from scratch’, what high quality means and how to achieve success in a dynamic field such as the
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    • Interview
  • The recent listing of two of the most important companies in the energy field in Romania (Romgaz and Electrica) on the Bucharest and London stock exchanges have given birth to countless controversies at home; the decision was fought with arguments rooted in the economic field, such as the one saying “the price is too low as compared to the real value of the company”, or others politically-motivated as the one stating that “the state is going to be weaker and poorer if it sells its wealth.” The voices pleading against
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  • Experiencing the effects of the crisis in Ukraine, the oil and gas industry in Central and Eastern Europe, represented by the Stoxx 300 Oil & Gas index had, during the first half of 2014, a negative evolution. It’s not only the index has plummeted, but it has registered weaker performances against the oil and gas indices at regional or global level, and also against the indexes reflecting the entire economic evolution of these areas. In spite of the weak evolution on the whole, there are companies in the field that
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    • Special Focus
  • OMV Petrom inaugurated recently the first 3D Visualisation Centre in Romania. The centre allows engineers to view the geological images of oil and gas reservoirs on a four metre-wide screen, in 3D. The Visualisation Centre is located in Petrom City and it is the first of this kind within the OMV group and the most advanced in Europe. The 3D Visualisation Centre ensures a better understanding of the subsurface by generating 3D images based on the information gathered via 3D seismic and engineering studies. “The new Visualisation Centre enables better
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    • Review & Preview
  • The National Agency for Mineral Resources (ANRM) is to auction in the coming period 36 new oil perimeters, of which 28 onshore and the rest offshore the Black Sea, including some in deep sea areas, stated Gheorghe Dutu, the agency’s president, during FOREN 2014. “We are getting ready for the 11th round of concessions, during which we are going to auction 36 new perimeters. 28 of them are onshore, while the others offshore the Black Sea, including deep sea areas. We are waiting for potential big investors,” said Dutu. He
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  • The National Agency for Mineral Resources (ANRM) wants to extend the contracting terms by three years, from September 12, 2014 to September 12, 2017, the exploitation period for a petroleum agreement signed for 18 hydrocarbons perimeters. The title-owners are OMV Petrom, Repsol and Hunt Oil, a governmental draft decision reads. The exploring-development and exploitation of hydrocarbons perimeters are I-Adjud, III-Berca-Arbanasi, IV-Valenii de Munte, V-Baicoi, VI-Targoviste, VII-Urziceni Vest, VIII-Urziceni Est, IX-Bucharest, X-Craiova, XII-Pitesti, XIII-Targu Jiu, XIV-Marghita and XVII-Istria. In the Istria perimeter in the Black Sea there is the largest hydrocarbons
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July/August 2014