Amid consumption accelerated global fossil fuels, especially coal and natural gas, Petrom estimates that in Romania, the demand for oil and gas will continue to grow and represent about 60 % of the energy consumption of Romania by 2021.
According to representatives of the oil company, our country has significant potential to supply energy that can reduce dependence on imports.
First, it must be said that Romania has a competitive advantage in terms of energy independence compared to the rest of the EU. Thus, we have a relatively low energy dependence on imports of only 21 %, compared to a European average of 54 %, but also a very diverse energy mix ( 30 % coal, 26 % hydro, 20 % nuclear, 15 % gas, renewable sources 9% ). However, the lack of investment, this dependence is likely to increase in coming years, even surpassing the European average, " said Petrom representatives.
In order to maintain or even increase energy independence, however, is needed investments. Thus, based on government data shows that the investment needs of the energy field in Romania is 3-4 billion annually for the next 15-20 years, in all sectors.
Natural decline of deposits, 10% per year
Most of the fields that are exploring the mature fields oil companies, with an average of about 40 years operation. In these circumstances, OMV Petrom invests in new technologies and recovery methods for redevelopment secondary mature fields in Romania to improve the recovery rate of oil and gas and stabilize production levels.
In this way, we can extend the life of the fields, with positive impact on long-term energy supply for Romania. In recent years, our oil and gas production in Romania was maintained at a stable level, while the natural decline of deposits is about 10 % annually, and this year I won the first increase in production of oil and gas from privatization, special achievement when one considers that Romanian oil and gas fields are mature and fragmented, "said Petrom representatives.