Romania Approves Offshore Midias Plan
Private Black Sea Oil & Gas (BSOG) and its co-venture partners, Petro Ventures Resources and Gas Plus International, have received the Romanian government's approval for their Midia Gas Development project in the Black Sea.
The project will have a subsea well at the Doina field and four platform wells at the Ana field and a subsea gas production system at the Doina well will be connected to an unmanned production platform over Ana field by an 18-km pipeline. A 126-km gas pipeline will link the Ana platform to the shore and to a new onshore gas treatment plant (GTP) in the Constanta region.
The plant's 1bn m³/yr capacity is about a tenth of Romania’s gas demand. The processed gas will be delivered into the National Transmission System operated by SNTGN Transgaz SA (“Transgaz”) at the gas metering station to be found within the GTP.
BSOG expects to complete the detailed engineering and start building the Ana wellhead platform and the civil constructions at the GTP site this year.
CEO Mark Beacom said he very much appreciated the swift handling of the plan. The partners took final investment decision in early February, subject to the removal of supplementary taxes and gas sales restrictions imposed last year.