According to the Bank's website, this project will provide financing for the development of the Midia Gas Development Project that comprises the Ana and Doina gas fields located 120km offshore in the XV Midia Shallow Area.
The project will consist of 5 production wells, a sub-sea gas production system over the Doina well which will be connected through an 18km pipeline with a new unmanned production platform loacated over Ana field. A 121km pipeline will deliver the gas from Ana platform to the shore, where a 4.3km underground pipeline will connect to the new gas treatment plant.
According to the Bank, through the implementation of the Environmental and Social Action Plan and the Environmental and Social Management Plan, this project will be compliant with the European Bank for Reconstruction and Development's performance requests.
The European Bank for Reconstruction and Development's loan will be issued alongside a mix of international and local banks in favour of the private actors involved in the project.
Black Sea Oil & Gas SRL is a Romanian-based independent oil and gas company, targeting exploration and development of conventional oil & gas resources. Its current portfolio is made up of XV Midia Shallow Block and XIII Pelican Block concession in the Romanian Black Sea where it is the operator and holds a 70% interest. Gas Plus is a natural gas producer in Italy active in the main sectors of natural gas industry (e.g. exploration, production, purchase, distribution, sale to retail customers); it holds 10% interest in the Concession. Petro Ventures, a private investment group, holds 20% interest in the Concession.
Ms. Ana-Maria Pericleanu
+40 21 231 32 56
Black Sea Oil & Gas SRL 175 Calea Floreasca, 10th floor, district #1, 014459, Bucharest, Romania,
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