Ijdelea Mihailescu assisted Black Sea Oil & Gas throughout the performance of the open season capacity booking process and its finalization by the signing with SNTGN Transgaz of the gas transmission contract necessary for the Midia Gas Development Project (“MGD Project”), a project aimed at putting into production the natural gas of XV Midia Block, offshore Black Sea, Romania.
Oana Ijdelea stated: “We are proud that our team was preferred again by Black Sea Oil & Gas, being involved in this process on behalf of our client from the start of negotiations for the execution of a cooperation agreement with SNTGN Transgaz back in 2016. We continue to enjoy the trust granted to us more than 10 years ago, time in which we have successfully assisted Black Sea Oil & Gas in all the steps related to the petroleum exploration and move-ahead to development carried-out by the company and its partners.”
The MGD Project consists of 5 production wells (1 subsea well at Doina field and 4 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 (GTP). The processed gas will be delivered into the National Transmission System operated by Transgaz at the gas metering station to be found within the GTP.
Black Sea Oil & Gas is a Romanian based independent oil and gas company, targeting offshore exploration and development of conventional oil & gas resources, owned by The Carlyle Group and the European Bank for Reconstruction and Development.