BSOG receives FDP approval from the Romanian Government

Black Sea Oil & Gas SRL (“BSOGâ€?) together with its co-venture partners, Petro Ventures Resources SRL (“Petro Venturesâ€?) and Gas Plus International B.V. (“Gas Plusâ€?) are pleased to announce that they have received the approval from the Romanian Government through the National Agency for Mineral Resources (“NAMRâ€?) for their Field Development Plan (“FDPâ€?) for the development of the Ana and Doina natural gas fields which make up the Midia Gas Development Project (“MGD Projectâ€?).

The MGD Project, 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 126 km gas pipeline will link the Ana platform to the shore and to a new onshore gas treatment plant (“GTPâ€?) in Constanta County, with a capacity of 1 BCM per year representing 10% of Romania’s consumption.

In 2019, BSOG anticipates having completed the detailed engineering for the MGD Project, commenced the fabrication of the Ana Wellhead Platform at the shipyard in Agigea, commenced the civil constructions at the GTP site in Corbu and have purchased & delivered a number of company items.

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