Midia Gas Development

The Midia Gas Development Project (MGD Project) comprises the Ana and Doina gas fields (320 Bcf P50 contingent resources) which were discovered in 2007 and 1995 respectively. Both are of latest Miocene to Dacian age, shallow marine sandstone (shore face) reservoirs, some 120 km offshore Romania, in the XV Midia Shallow area where the water depths are of 70 meters.

MGD Project consists of 5 production wells (1 subsea well at Doina field and 4 platform wells at Ana field) a subsea gas production system over the Doina well which will be connected through an 18 km pipeline with a new unmanned production platform located over Ana field. A 121 km subsea pipeline will ensure the delivery of the gas from Ana platform to the shore, where a 4.1 km underground pipeline will connect to the new gas treatment plant (GTP). The processed gas will be delivered into the NTS operated by Transgaz at the gas metering station to be found within the GTP.

As of Q3 2018, BSOG has completed the necessary offshore activities including the drilling of the appraisal wells, the pipeline route and platform surveys, onshore activities including archaeological surveys and route surveys as well as the engineering studies including the conceptual Engineering and Front-End Engineering and Design. BSOG is in the processing of completing an Open Season process with Transgaz which will facilitate connection to the NTS. Once FID is reached, it would then cost roughly $400mm, the vast majority expected to be spent in Romania, and take a further 2 years to build the offshore platform, drill the development wells, lay the offshore and onshore pipelines and construct the GTP.