Romania is one step closer to link Black Sea fields to shore
Photo by isabela66 / Shutterstock.com
Romania took an important step to starting the exploitation of its first gas deposit offshore as Romania-based oil and gas company Black Sea Oil & Gas (BSOG) launched the installation phase for a 121 kilometer (78 mile) subsea gas pipeline within the offshore Midia Natural Gas Development Project (MDG), reports energy portal CE Energy News.
File photo shows deep sea drill ship at anchor in the Black Sea. Photo by isabela66 / Shutterstock.com
The MDG project is the first new offshore gas development project in the Romanian Black Sea to be built since 1989. It comprises the Ana and Doina gas fields located some 120 km offshore in the XV Midia Shallow area. The development is estimated to hold 10 billion cubic meter (bcm) of gas reserves.
The project consists of five production wells (one subsea well at Doina field and four platform wells at Ana field) and 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.
The 121 km subsea pipeline will ensure the delivery of the gas from the Ana platform to the shore, where a 4.3 km underground pipeline will connect to a new onshore gas treatment plant, with a capacity of 1 bcm per year, which represents 10% of Romania’s consumption.
The MDG project is expected to go online in 2021. BSOG is owned by Carlyle International Energy Partners (CIEP) and the European Bank for Reconstruction and Development (EBRD), CEenergynews.com says.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.