After 30 years, the Americans from Black Sea Oil & Gas will bring gas from the Black Sea

By Andra Beltz
Last year, in August, Transgaz S.A. (“Transgaz”) CEO, Mr. Ion Sterian, and Black Sea Oil & Gas S.R.L. (“BSOG”) CEO, Mr. Mark Beacom, signed the order to start the works of the two projects to take over the Midia Gas Development Project (“MGD Project”) production into the National Transmission System (“NTS”).
Now in early 2020, Black Sea Oil & Gas has reiterated its intention to be the first oil company to start gas production in the Black Sea in the first part of 2021, according to an announcement from the Ministry of Economy and Energy.
The Secretary of State Niculae Havrileţ had a meeting with the company’s CEO, Mark Beacom, on Monday. “The Midia Natural Gas Development Project (MGD) is the first new infrastructure project and natural gas production in the Romanian offshore of the Black Sea carried out in the last 30 years in Romania. Estimated completion date and start of gas production. natural is the first half of 2021, “according to the announcement.
The MDG project consists of the digging of five production wells (one on the Doina deposit and four on the Ana deposit) and the creation of a production submarine assembly on the Doina deposit. It will be connected through an 18-kilometer pipeline to the monitored and operated shoreline production platform, located on the Ana deposit. A 126 km underwater pipeline will ensure the transportation of gases from the Ana platform to the shore, to the new gas treatment station in Corbu commune, Constanţa county.
The estimated production capacity will be 1 billion cubic meters of gas per year, equivalent to 10% of Romania’s gas consumption. The treated gases will be delivered to the National Natural Gas Transport System operated by SNTGN Transgaz SA.
Last February, Black Sea Oil & Gas announced that it had made the final investment decision for the Midia Natural Gas Development Project (MGD project), located in the Romanian Black Sea area, where it will invest $ 400 million.
BSOG, owned by Carlyle International Energy Partners and the European Bank for Reconstruction and Development, is a Romanian based independent oil and gas company, targeting exploration and development of conventional oil & gas resources. The company’s current portfolio is made up of XV Midia Block and XIII Pelican Block, the shallow waters area, concession in the Romanian Black Sea where it is the operator and holds a 70% interest.
In this project are involved Petrom Ventures, a private investment fund, which owns 20%, as well as Gas Plus (15%), which is the fourth largest producer of natural gas in Italy.