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Black Sea Oil & Gas signs the gas sales agreement with Engie for natural gas supply from the MGD project

Black Sea Oil & Gas together with its co-venture partners, Petro Ventures Resources and Gas Plus International, announced the signing of the gas sales agreement with Engie through its subsidiary Engie Energy Management Romania for natural gas supply from the Midia Gas Development Project.

2018-11-20 10:38:49

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 (one subsea well at Doina field and four 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 126 km gas pipeline will link the Ana platform to the shore and to a new Gas Treatment Plant.



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