Black Sea Oil & Gas (BSOG) has completed the installation of the Ana natural gas production platform, approximately 120 kilometers off the Black Sea, in waters with a 70-meter depth, the company announced in a press release sent on Wednesday.The Ana natural gas production platform is the first built and installed in Romania in the last 30 years."Ana is a 3,000 tonne natural gas production platform, consisting of a support structure (jacket) that is partially in the water and a set of three decks above the water. The gas from the Ana and Doina deposits is collected and measured on the platform, then sent to shore at the Vadu gas treatment plant through a 16-inch pipeline, over a 126 km distance, of which 121 km of submarine pipeline and 4.5 km of land pipeline. With all the infrastructure now set up, the connection to the installations and the commissioning will take place in the next period, before the drilling campaign expected for November of this year," reads the release.The Midia Natural Gas Development Project ("MGD Project") is 70 percent completed, being the first project of its kind built in the Romanian Black Sea area after 1989. The works consist of digging five production wells (an underwater well at the Doina deposit and four production wells at the Ana deposit) and a submarine production complex at the Doina field, which will be connected by an 18 km pipeline to the Ana production platform monitored and operated from the shore, located on the Ana deposit.Moreover, a 126 km submarine pipeline will transport gas from the Ana platform to the shore, to the new gas treatment plant in Corbu commune, Constanta county.According to the cited source, the estimated production capacity will be one billion cubic meters of gas per year, the equivalent of 10 percent of Romania's gas consumption. The treated gas will be delivered in the National Transport System operated by SNTGN Transgaz SA to the gas measuring station located within the gas treatment station.Grup Servicii Petroliere, the main builder of this first development project for the extraction of new hydrocarbons from the Romanian Black Sea area, owns and operates the most powerful floating crane in the Black Sea basin, GSP Neptun, with a capacity of 1,800 tonnes. The GSP group currently employs more than 2,600 experts and specialists from around the world.Black Sea Oil & Gas (BSOG), owned by Carlyle International Energy Partners and the European Bank for Reconstruction and Development (EBRD), is an independent energy company based in Romania that operates natural gas resources.Currently, the company's portfolio consists of the MGD Project and two natural gas production licenses, the Ana and Doina deposits in the XV Midia perimeter - Shallow Water Zone in which BSOG holds a 70 percent stake.
The number of people in Romania at risk of poverty stood at 3.59 million people in 2024, 375,000 fewer than in 2023, representing a 9.4% decrease, according to data from the National Institute of Statistics, or INS. Despite the improvement, nearly one in five Romanians was affected by poverty last year. According to INS, 19% […]
The European Public Prosecutor’s Office (EPPO) in Cluj-Napoca carried out multiple searches on Tuesday, July 1, at the Sibiu International Airport and the Sibiu County Council as part of an investigation into suspected fraud involving a EUR 54 million EU-funded infrastructure project. A total of 24 locations were searched across Bucharest, Brașov, and Sibiu county, […]
A Romanian taxi driver who scammed 90-year-old Nigerian Nobel Prize laureate Wole Soyinka was detained by police on Sunday, June 29, according to media reports. On Friday, June 27, the venerable Nigerian arrived at Bucharest's Otopeni Airport. He got into a taxi and asked to be taken to a hotel downtown. At the destination, the […]
Costin Șerban, a Romanian entrepreneur, is digitalizing the construction sector in the United Kingdom with an ERP (enterprise resource planning) solution developed over 12 years and an investment of GBP 1.6 million (EUR 1.86 million). Șerban’s cloud-based ERP platform is called Abilo, was developed by the Romanian IT company Obi Systems, and is dedicated to […]
Border checks between Bulgaria and Romania have officially been lifted on July 1, as part of the implementation of the Schengen Agreement. The lifting marks the end of the transitional period of heightened control at the internal border, which had remained in place for six months following their accession to the Schengen area by land […]
Remus Vulpescu became CEO of the Bucharest Stock Exchange (BVB) on Tuesday, July 1, taking over from Adrian Tănase as the stock exchange grapples with a market dominated by government bonds. Vulpescu, 53, is a graduate in political and legal sciences from the University of Bucharest and holder of an EMBA obtained in 2017. He […]
