Romania: Black Sea Oil & Gas and Transgaz signed the Memorandum of Understanding for the use and development of the gas transmission pipelines network for the MGD Project

Transgaz S.A. (“Transgaz”) CEO, Mr. Ion Sterian, and Black Sea Oil & Gas SRL (“BSOG”) CEO, Mr. Mark Beacom, have signed yesterday in Bucharest the Memorandum of Understanding (“Memorandum”) for the use and development of the gas transmission pipelines network for the Midia Gas Development Project (“MGD Project”) production.

The Memorandum outlines the basic principles, responsibilities and framework for cooperation on the construction of the gas transmission pipeline that will takeover the processed gas at the new gas treatment plant located in Corbu commune, Constanta county, to the National Gas Transmission System operated by Transgaz. It also covers the cooperation in the fields of research, innovation, technology transfer, decarbonisation and the use of new technologies, injecting hydrocarbon in the gas pipeline to extract the green gas, thus contributing to the mitigation of the climate changes.

In 2019, BSOG anticipates having completed the detailed engineering for the MGD Project, commenced the fabrication of the Ana Wellhead Platform at the shipyard in Agigea, commenced the civil constructions at the GTP site in Corbu and have purchased & delivered a number of company items.

 

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