Black Sea Oil & Gas 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 offshore concessions in the Romanian Black Sea totalling almost 4.200 km2 gross.
XIII Pelican & XV Midia blocks were acquired from Sterling Resources Ltd. and contain the Ana, Doina and Eugenia gas discoveries as well as a portfolio of prospects and leads in the Midia block.
The Company is looking to fulfil its mandate of developing its existing assets in the Black Sea and pursue further opportunities in Romania as well as in the region.
The Carlyle Group acquired 100% Sterling Resources Ltd.’s Romanian operations in August 2015. The new entity named Black Sea Oil & Gas is fully controlled by The Carlyle Group.