Our History
► 1857 – Romania was the first country in the world with an official oil production of 275 t. Bucharest became the first city on the globe to be lit with gas lamps (kerosene), produced in the refinery near the city of Ploiesti.
► after 1860 the foundations of education and geological research in Romania. University centers are established in Iasi, Bucharest and Cluj. In 1882 the Geological Bureau was established (active until 1899), in 1896 the Mines and Geology Service was established (active until 1906) and in 1901 the Oil Commission was established, which was active until 1906.
► 1900 Romania ranks 3rd in the list of oil producers worldwide. In 1913, the internal production of natural gas started in Romania.
► 1906 the Geological Institute of Romania (IGR) was founded; in 1949 it was dissolved and then, in 1960, it was re-established.
Worldwide, in 1923, the Schlumberger brothers, friends with Henri Coanda (inventor of the first jet plane), carried out a geophysical study in several countries, including Romania. It follows in: 1925: the first gravimetric and magnetic studies; 1933: the first electrical investigation at the probe; 1936: the first seismic prospecting by the refraction method;
► 1945 SOVROM-Petrol was created in Romania (one of the many Romanian-Soviet mixed companies that dominated the Romanian economy after the war), which took over and controlled, until 1956 when it was abolished, all the oil resources of Romania and which directed resource exports to the USSR.
► After 1948, the part of research and prospecting for hydrocarbons took place within the IGR, and from 1949 within the Geological and Geophysical Prospecting Office, subordinated to SOVROM-Petrol.
► In 1949, the IGR was abolished and the Geological Committee (CG) and the Research and Prospecting Division of the CG were organized.
► 1950, the Research and Prospecting Division of the Geological Committee transforms into the CG Prospecting and Laboratory Enterprise (IPL), which was organized into several services, such as geophysical prospecting, geological prospecting, technical geology and hydrogeology, with teams on land.
► 1956 Geological and Geophysical Prospecting Office, until then subordinated to SOVROM-Petrol, becomes IPGG (Geological and Geophysical Prospecting Enterprise), the first state enterprise for hydrocarbons.
► 1965, TREDMIN is dissolved and the activity is taken over by IPL, under the name of OPL (Office of Prospecting and Laboratories).
► 1970, IPL together with OPL become IGP (Intreprendrea Geologica de Prospeciuni).
► 1971, IPG changes its name to IGPSMS (Geological Enterprise for Prospecting for Solid Mineral Substances), under the Ministry of Mines and Geology.
► 1950 – 1970 is the pioneering period in the activity of acquiring geophysical and geological data in Romania. The first geophysical data were recorded which had an important contribution in the research of solid mineral resources and especially in the research for hydrocarbons, as follows:
► 1956: The first magnetic studies;
► 1958: The first experiments with the refracted wave correlation method;
► 1959: The first geophysical data through geophones;
► 1961: The analog processing of seismic data begins;
► 1962: The department for the interpretation of geophysical data is established;
► 1965: The first acquisition of seismic data using the "full fold" method;
► 1962-1967: Synthetic maps at a scale of 1:100,000 with seismic data were developed for almost all structural units of Romania;
► 1966: The first acquisition of geophysical data in the Danube Delta;
► 1968: The first digital processing programs for seismic data are written;
► 1969: The first acquisition of geophysical data recorded offshore, on the continental shelf of the Black Sea; the results will be valued later
► 1987, when offshore oil production starts in Romania;
► 1972: First digital seismic recording;
► In 1972 IPGG changed its name to IPGGH (Geological and Geophysical Prospecting Enterprise for Hydrocarbons).
► 1974 - 1981: IPGGH performs geophysical studies in Iraq for the National Oil Company of this country;
► 1975 - 1977: IPGGH performs geophysical studies at the request of the Syrian Oil Company;
► In 1981, IPGGH unites with IGPSMS and becomes IPGG (Geological and Geophysical Prospecting Enterprise).
► 1982 - 1985: IPGG carries out 2D geophysical studies in Libya;
► 1982-1983: The first 3D seismic recordings in Romania;
► 1987: Start of offshore oil production;
► In 1991, IPGG becomes a joint-stock company with state capital, under the name S.C. Prospecciones S.A.
► 1993: Prospectiuni uses the first telemetric equipment in the acquisition of seismic data;
► In 1992, the Romanian state auctioned the first licenses for the exploitation of hydrocarbon deposits to private companies.
► In 1995, the National Agency for Mineral Resources is founded and a new oil law is ratified. In 1998, a new mining law was ratified.
► In 1997, Prospectiuni is listed on the RASDAQ market on 27.11.1997 (symbol PRSN).
► 1998-1999: Prospecting carries out seismic data acquisition works in the Moinesti area for MMS Ltd, the first foreign company to concession a perimeter in Romania;
► In 2000, Prospectiuni becomes a company with private capital.
► 2000 - 2008: Prospectiuni invests in new technologies and strengthens its team of specialists. During this period SNGN ROMGAZ was established (2001) and PETROM was privatized (2004). These, together with several external companies, interested in hydrocarbon resources in Romania, concession perimeters in which they will carry out exploration and exploitation works for hydrocarbons;
► 2008: A new management team is installed, made up of Romanian and international managers and specialists who implement a new investment strategy in the training of employees and in the acquisition of the latest technologies and equipment. The main objectives of the management team are the geographical expansion and development of the client portfolio as well as surpassing the competitors, by offering high-performance, cost-effective services that comply with the highest international HSEQ standards;
► 2010: Prospectiuini expands its activity in Portugal, Morocco, Bulgaria, Senegal.
► 2011-2012: Prospectiuni establishes a new division for "geophysical investigation in piped holes and open holes, as well as opening or testing of productive layers in oil and gas wells"; The first contracts start to be executed in 2013;
► September 2012: Prospecting concludes 2D seismic data acquisition works carried out in Bulgaria, Provadia, Shumen area, for the Bulgarian company Overgas;
► September 2012: Prospecting completes the 3D seismic data acquisition works carried out in the central-northern part of Morocco, for the Caithness Petroleum Ltd. company;
► November 2012: Prospectiuni wins first place in the list of companies from Bucharest, in the section Architecture, engineering and related technical consultancy services, Very large companies class;
► February 2013: Prospectiuni completes the 2D seismic prospecting works carried out within the Sidi Moktar project in Morocco, for the company Longreach Oil and Gas Ltd.;
► 2011 and 2013-2014: Prospectiuni carries out 2D seismic data acquisition works in Romania for the Chevron company in the Barlad area and in the Mangalia area;
► June 2013: Prospectiuni concludes a strategic partnership with Geotrace Inc., a top company in the field of reservoir services. Alianta offers high-quality processing and interpretation services to exploration and exploitation companies in South-East Europe.
► February 2014: Prospectiuni successfully completes the 2D project for Norio Operating Company Ltd., from Georgia, Caucasus Mountains;
► May 2014: Prospectiuni is designated by Capital magazine as "The best energy company" in 2013;
► May 2014: Prospectiuni is named the winner in the "Partnership between an industrial company and an educational institution" section of the Getenergy Awards, for the 60-year collaboration with the Faculty of Geology and Geophysics;
► July 2014: Prospectiuni ranks in the top 10 (8th place) companies that employed the most people in 2013; the ranking was made by economica.net and was based on information obtained from companies and from the National Trade Registry Office;
► November 2014: Prospectiuni wins the excellence award with the "Vibrator vs. Ou" in the "Video Products" category, within the twelfth edition of the Romanian PR Award;
► January 2015: Prospectiuni is awarded for its involvement in the ecological and environmental education campaign EcoAtitudine by Infomediu Europe;
► 2014-2015: Although it participates and qualifies in several international tenders, due to the instability of the oil market, Prospectiuni is unable to carry out other international contracts. In Romania, it only carries out seismic data acquisition works for SNGN ROMGAZ, OMV Petrom, Hunt and Amromco companies and seismic data processing contracts. The period coincides with the deepening of the oil crisis on the international level and with the delay by ANRM of the running of a new round of tenders for the granting of exploration-exploitation licenses in Romania;
► 2015: The transfer to the AeRo market, managed by the Bucharest Stock Exchange (BVB), takes place as a result of the closure of the RASDAQ alternative market. Based on decision no. 894 dated 18.08.2015 of the General Director of the BVB, the admission to trading of the company's shares in the alternative trading system administered by the Bucharest Stock Exchange, section Financial Instruments listed on the ATS, Capital Securities Sector, Shares Category ( AeRo market); Currently, Prospectiuni has its shares listed in the alternative trading system administered by the Bucharest Stock Exchange, trading code PRSN. The trading start date was 21.08.2015.
► July 2015: A new management team is appointed to lead Prospectiuni S.A., consisting only of Romanian managers;
► July 2015 - present: Prospectiuni S.A. adapted to the economic context in the market and managed to overcome the difficult financial situation generated by the successive crises in the industry, capitalizing on the opportunities, mainly in Romania, for acquisition and processing of geophysical data for the discovery of hydrocarbon deposits and those for geophysical investigation works and perforation in the probe hole. Prospectiuni S.A. was also present on the foreign market, independently or in collaboration with similar companies from Europe, mainly with seismic data acquisition works.
► Continuous efforts are made for re-engineering and alignment with industry standards and to meet customer requirements but also to increase efficiency.
Thus, in the 2018-2019 period, Prospectiuni SA achieved a major change in the way of acquiring geophysical data in seismic prospecting, by adopting INOVA-Quantum technologies, a nodal system for recording seismic data, with the help of which it was possible to increase the density and quality of information geophysical, at the same time minimizing the risks for health and safety at work as well as the social and environmental impact.
► In the period September 2019 - February 2020, Prospectiuni achieved a special performance: it executed and successfully completed in the south-east of Romania, the largest 3D seismic acquisition project ever carried out in Europe - 1,555 square km, consisting of 123,500 data recording points, 87,900 generation points, with over 25,000 Quantum units permanently active in the field, being the first made with this technology in Europe and the first in the world of this size, executed with this technology.
► Starting from 2020-2021, drones are used in the activities of recognition of the work perimeter and from 2022 and in the activities of monitoring the state of operation of the Quantum units.
► In 2022, LIDAR technology will be implemented to obtain the digital model of the land morphology in the area that is the subject of a seismic data acquisition contract, a technology that brings benefits both through the rigor of the data obtained and the shorter time in which the information is obtained, compared to classic technology , but also by the fact that it allows the planning of the works to be better correlated with the reality on the ground and helps to reduce risks of any kind.
Applications are being implemented to allow the digital transmission, in real time, of the position of a generation location to a common database that will facilitate real-time access to data and monitoring of work status, prevention of non-conformities and reduction of update time the database.