The unit has a daily gas processing capacity of 3.8 million cubic meters, twice as much as the old installation. According to Petrom, the new Midia plant has an efficiency of 99 percent as for the recovering of heavy compounds from the natural gas, resulting 340 tons of condensed per day. By comparison, the old plant succeeded to recover 100 tons per day. The unit can take over the entire offshore gas production of Petrom.
“Gas processing unit fulfills all EU environment norms, especially those referring to emissions”, emphasized Johann Pleininger, member of Petrom Board, responsible for exploration and production. Midia plant has own electricity co-generation station, with 10 Megawatts capacity.
The unit was designed and built based on an acquisition, drafting and construction contract concluded with German Linde Group, with support of subcontractors from Romania, Germany, Ukraine and Hungary. Petrom produces associated and vent-free gas on its Black Sea offshore platforms, which needs processing in order to be injected into the National Transport System.
Midia gas processing plant processes collected gas in order to meet sale specifications, by removing the heavy compounds as propane, butane and pentane. Remained light compounds methane and ethane are subsequently pumped into the National Transport System for further distribution to the clients. Heavy gas compounds are transported into a liquid form by railway to Petrom refineries, where they are added in the production process.
Petrom is the largest Romanian oil and gas company, with activities in exploration and production, refining and marketing, natural gas and energy sectors. Petrom exploits oil and gas reserves estimated at 0.9 barrels of oil equivalent, has a maximum refining capacity per year of 8 million tons and some 550 fuel distribution stations in Romania.
The company also holds an international chain of 269 gas stations, located in the Republic of Moldova, Bulgaria and Serbia. In 2008 Petrom turnover stood at 4.552 billion euros, EBITDA (Earnings before Interest, Taxes, Depreciation, and Amortization) being of 969 million euros. OMV energy group holds 51.01 percent of Petrom stock.
OMV is active in 13 countries in Central Europe in the fields of refining and marketing and in 17 countries, in six basic regions, in the field of exploration and production.
The Ministry of Economy holds 20.64 percent of Petrom stock, Property Fund – 20.11 percent, the European Bank for Reconstruction and Development – 2.03 percent and minority shareholders – 6.21 percent.
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