The National Natural Gas Company Romgaz has put out to tender a contract for external audit services of natural gas resources and reserves, worth 5 million lei, according to an announcement of the company, published on the public procurement site SICAP.

The type of procedure is the open tender, and the award criterion is the best value for money. The duration of the contract is 30 months, and the deadline for receiving offers or requests to participate is January 14, 2022, at 15:00, informs Agerpres.

The conditions of participation in the tender, under the heading “Technical and professional capacity”, stipulate that the tenderer must be internationally recognized or present evidence on the preparation of audits of natural gas resources and reserves for companies worldwide, complying with the standards imposed by the Petroleum Resources Management System PRMS – revised edition in June 2018, approved by the Society of Petroleum Engineers SPE and the Standards on Estimation and Auditing of oil and gas reserves, revised and approved by the SPE in June 2019.

Of these, at least one audit report on natural gas resources and reserves will cover Eastern European companies, Romgaz said in a statement.

Romgaz specified the Eastern Europe area because in this area there are certain peculiarities regarding the geology of the sedimentation basins, the type, the support and the quality of the geophysical information.

The request to submit at least one report for companies in Eastern Europe was determined by the fact that in Eastern Europe there are certain peculiarities in terms of the geology of sedimentation basins, the type, support and quality of geophysical information. 2.

Also, the data provided by Romgaz to the auditor also involve investigations obtained by old methods such as PGAC, CEN, CEA, BKZ.CR, respectively data obtained decades ago (50 years – 60 years) and with which the auditor must be familiar. Therefore, the auditor must be able to use both the data obtained by older methods specific to Eastern Europe, as well as those obtained by current investigation methods, in preparing the external audit report of resources and reserves “, explain the Romgaz representatives.

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