Black Sea Oil and Gas (BSOG) expressed confidence regarding the fulfillment of its plans on starting natural gas production at its offshore platform located in Romanian part of the Black Sea.
The statement comes at a moment when the Romanian Government is expected to revise the Offshore Law in line with investors’ expectations. BSOG CEO Mark Beacom said that the company strongly believes that through the cooperation of all parties involved, gas production at the Midia Natural Gas Development could start in the second quarter of this year.
Black Sea Oil & Gas (BSOG), wholly owned by Carlyle International Energy Partners, is a Romanian independent oil and gas company, which targets exploration and development of conventional oil and gas resources. The company’s portfolio consists of XV Midia Shallow Block and XIII Pelican Block in the Romanian Black Sea, where the company is the operator and holds 65 % stake.
In early 2019, BSOG announced that it has approved the final investment decision to proceed with the 400 million dollars Midia Gas Development Project in the Black Sea. The Midia gas Project consists of 5 production wells (1 subsea well at Doina field and 4 platform wells at Ana field) a subsea gas production system over the Doina well which will be connected through an 18 kilometers long pipeline with a new unmanned production platform located over Ana field. A 126 kilometers gas pipeline will link the Ana platform to the shore. The processed gas will then be delivered into the national transmission system.
