Black Sea Oil & Gas signs EPCIC contract for Midia project with GSP Offshore

By Jerom Bolt
Black Sea Oil & Gas (BSOG), operator of the Black Sea Midia block, announced the signing of the framework contractor agreement with GSP Offshore, a company owned by businessman Gabriel Comanescu, BSOG said in a release this Friday.
The scope of the contract covers engineering, procurement, construction, installation and commissioning services (EPCIC), as well as the drilling of the development wells for the implementation of the Midia Gas Development Project (‘MGD Project’) on Romania’s Black Sea continental shelf.
The EPCIC contract, which is subject to the Final Investment Decision for the MGD project, covers the procurement, construction, installation and commissioning of the complete subsea gas production system over the Doina field; the construction, installation and commissioning of a new unmanned production platform located over the Ana field, which will be built at the GSP production facility in Constanta; the subsea pipeline system that will link the production platform to the shore, the onshore pipeline and the new gas treatment plant that will be built in the Vadu village
Another contract has been concluded for the drilling of the five production wells (one subsea well at the Doina field and four platform wells at the Ana field) for which GSP will deploy the GSP Uranus jack-up rig.
The construction of the project’s entire infrastructure is expected to take about two years, with 70 percent of the costs incurred by the contract activities, which account for the bulk of the project’s total cost of 400 million US dollars, provided as Romanian contribution.
Black Sea Oil & Gas SRL, owned by Carlyle International Energy Partners and the EBRD, is an independent oil and gas company based in Romania, targeting offshore exploration and development of conventional oil and gas resources. The company’s current portfolio is made up of one licence comprised of the XV Midia shallow block in the Romanian Black Sea and the XIII Pelican block where it is the operator and holds a 65 pct interest. BSOG operates the blocks on behalf of its partners Petro Ventures Resources SRL (20 pct interest) and Gas Plus International BV (15 pct interest).
GSP specializes in integrated offshore services for the oil and gas industry. The company operates a fleet of eight mobile offshore drilling rigs: GSP Atlas, GSP Fortuna, GSP Jupiter, GSP Magellan, GSP Orizont, GSP Prometeu, GSP Saturn and GSP Uranus. It also operates 12 multipurpose offshore supply and support vessels, one vessel for emergency medical evacuation and three sea construction vessels: a barge for laying subsea pipelines and heavy lifting operations, a semi-submersible barge, a vessel for subsea pipeline laying and two floating cranes, as well as several remotely operated underwater vehicles and a saturation diving system.