Black Sea Oil & Gas’ Gas Treatment Plant near Vadu, Constanta county
Bucharest, Romania, 30 October 2023: Black Sea Oil & Gas SA (BSOG) and its Midia Gas Development (MGD) partners, Petro Ventures Resources and Gas Plus Dacia, announce the successful completion of the first planned turnaround of the MGD Project facilities. Gas production from Midia fields was brought back at plateau on stream on 26th October 2023.
About BSOG and its joint venture partners
BSOG, owned by Carlyle International Energy Partners and the European Bank for Reconstruction and Development, is a Romanian based independent energy company, targeting offshore development of gas resources in line with the European Union’s Zero Emissions Goal by 2050 by offering natural gas production as a transition fuel and providing vital infrastructure for the ability to develop green energy projects. The company’s portfolio is currently made up by the MGD Project and two production licenses at Ana and Doina gas fields in XV Midia Shallow Concession, Romanian Black Sea, where it is the operator and holds a 70% interest. BSOG operates the Concession on behalf of its partners Petro Ventures Resources SRL (20% interest) and Gas Plus Dacia SRL (10% interest).
Gas Plus is the fourth largest producer of natural gas in Italy active in the main sectors of natural gas industry, particularly in exploration, production, purchase, distribution and sale to retail customers. At 31 December 2022, the Group had 42 exploitation concessions located throughout Italy, a total of approximately 1,800 kilometres of regional distribution and transportation network in 40 municipalities, serving a total of approximately 57,000 end users, with a staff of 145 employees. Gas Plus holds 10% interest of the MGD Project and two production licenses at Ana and Doina gas fields in XV Midia Shallow Concession.
Petro Ventures, a private investment group, holds 20% of the MGD Project and two production licenses at Ana and Doina gas fields in XV Midia Shallow Concession.
For further information:
Tel: +40 21 231 32 56