The Black Sea Oil and Gas S.R.L. company, owned by Carlyle, the largest private equity fund in the world, that recently announced a major discovery of natural gas in the Black Sea, will build a gas treatment plant in the Corbu locality, Constanta County.
“Black Sea Oil and Gas SRL announces the interested public upon the availability of the draft plan and completion of the environmental report for PUZ – Construction of Gas Treatment Plant – The Midia Gas Development Project, proposed to be located in Constanta county, Corbu commune, Corbu village, unincorporated (…) and organizing its public debate on May 2nd, 2017, at 12.00 p.m. in the meeting room of the Corbu Cultural Center”, according to a document posted on the company’s website.
The Black Sea Oil and Gas company (BSOG) announced last month that it found in the Black Sea, within the Romanian area, between 10 and 20 billion cubic meters of natural gas and investments before commencing the production, in 2019, could reach up to 500 million dollars.
“Currently, the Midia Gas Development Project in the Romanian sector of the Black Sea is under preparation for approval. If BSOG gets the approval at the end of 2017, then, after the completion of the construction works, that are expected to last for two years, the commissioning of the deposits into production will be achieved in 2019”, said Mark Beacom, general manager, quoted by economica.net.
He said the final investment decision for the two blocks could be taken in 2017 and the announcement regarding the construction of this station is a sign that the gas exploitation would be viable commercially.
BSOG has leased two oil blocks on the Romanian Black Sea continental shelf, namely Midia and Pelican perimeters, which it operates. The concession was acquired from Sterling Resources, for 42,5 million dollars last year.
BSOG is controlled by the US giant Carlyle Group, the largest private equity fund in the world with an active portfolio of nearly 200 million dollars. Carlyle currently owns 36 companies in Romania, according to an assessment made last month by Ziarul Financiar.