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Petrom began construction of its new headquarters, Petrom City

  • Petrom City to be finalized by end 2009
  • Total value of the project amounting to approximately EUR 130 mn
  • Only 1% of the buildings worldwide have a similar power supply technology like it will be used in Petrom City
  • Road infrastructure to be built by Petrom and then donated to the local administration

Petrom, the largest oil and gas producer in South Eastern Europe, began the construction of its future headquarters, Petrom City, in the Northern area of Bucharest, at Străuleşti. Petrom City is a project unique in Romania, by the dimensions of the ecological rehabilitation process which is underway at Străuleşti, as well as by the technical innovations of the building.

The first brick ceremony took place today at Străuleşti, in the presence of representatives of Petrom, local administration, construction company - Alpine, and architecture firm, Anin•Jeromin•Fitilidis & Partner.

Mariana Gheorghe, CEO Petrom: “Petrom City is the most vivid proof of our transformation into a European and responsible organization. It is the expression of our company values: professionalism, pioneering and partnership, a landmark that proves our concern towards the people, towards the environment and towards the entire Romanian society”.

Petrom City will have a total gross floor area of 100,000 square meters and will host approximately 2,500 employees from Bucharest and Ploieşti. Petrom City will be formed of five buildings: two oval shaped administrative buildings, a classical shaped high raised building, a data center and a power generation plant. The assembly will include approximately 1,000 parking spaces.

The additional facilities of the assembly include a cafeteria, medical center, a Viva shop, a canteen for employees, interior and exterior gardens.

The power plant of the assembly will have a capacity of 5 MW and will function independently from the public energy network. Petrom City benefits from an innovative system of producing and consuming energy which increases the energy efficiency of the building up to 90%, comparing to an average of 40 – 60% for the recently built buildings. Only 1% of the business constructions worldwide have a comparable power supply technology as Petrom City.

Petrom, together with the developer that acquired the rest of the land at Străuleşti, will build the road infrastructure. Consequently, this will be donated to the City Hall.  
Petrom allocated approximately EUR 3.2 mn for the road infrastructure that includes the streets and necessary utilities: water, sewage, gas, electricity, telecommunications. All facilities will be built in compliance with European standards. They will be placed underground and marked with electronic markers. In order to protect the environment, parts of the street illumination will be operated with solar energy. The streets will include bicycle ways and trees will be planted along each.

For the implementation of the project, Petrom will spend approximately EUR 130 mn, out of which EUR 80 mn are used for the construction of the administrative buildings and 10 mn are used for the ecological rehabilitation of the land. 

Background Information
Petrom SA

Petrom is the largest Romanian oil and gas group, with activities in the business segments of Exploration and Production, Refining and Marketing as well as Gas and Power. Petrom exploits estimated proved oil and gas reserves of 0.9 bn boe, has an annual refining capacity of 8 mn t and holds around 550 filling stations in Romania. The company also has an international network of 257 filling stations located in Moldova, Bulgaria and Serbia. In 2007 the turnover of Petrom was EUR 3,683 mn, EBITDA was EUR 933 mn. OMV, the leading oil and gas group in Central Europe holds a 51.011% share in Petrom. OMV is active in 13 Central European countries in its Refining and Marketing business segment and in 21 countries on five continents in Exploration and Production. AVAS (Authority for State Assets Recovery) holds 20.64% of Petrom shares, Property Fund SA holds 20.11%, the European Bank for Reconstruction and Development 2.026% and 6.214% are owned by minority shareholders.