BSOG sign 10 year gas sale agreement with ENGIE

Black Sea Oil & Gas SRL (BSOG) together with its co-venture partners, Petro Ventures Resources SRL (Petro Ventures) and Gas Plus International B.V. (Gas Plus), are pleased to announce the signing of the Gas Sales Agreement (GSA) with ENGIE through its subsidiary Engie Energy Management Romania S.R.L. (Engie) for natural gas supply from the Midia Gas Development Project (MGD Project).

Under this agreement, which is subject to Final Investment Decision, ENGIE will purchase gas from the Ana and Doina gas reservoirs over a minimum period of 10 years, in compliance with Romanian law. Expected contractual volumes at project completion represent 0,5 bcm per year. The gas will be delivered at Vadu entry point into the National Natural Gas Transmission System from Romania.

The 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 18km pipeline with a new unmanned production platform located over Ana field. A 126km gas pipeline will link the Ana platform to the shore and to a new Gas Treatment Plant.

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