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November 23, 2021updated 28 Apr 2022 5:43am

Midia Gas Development Conventional Gas Field, Romania

By Carmen

Midia Gas Development is a conventional gas development located in shallow water in Romania and is operated by Black Sea Oil & Gas. Discovered in 1995, Midia Gas Development lies in block XV Midia Shallow, with water depth of around 228 feet.

The project is currently in commissioning stage and is expected to start commercial production in 2022. Final investment decision (FID) of the project was approved in 2019. The development cost is expected to be $400 m. The Midia Gas Development conventional gas development will involve the drilling of approximately five wells and includes subsea tree and wellhead platforms.

Field participation details

The field is owned by Petro Ventures International, Gas Plus and Black Sea Oil & Gas.


Production from Midia Gas Development

Production from the Midia Gas Development conventional gas development project is expected to begin in 2022 and is forecast to peak in 2025, to approximately 110 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2049.


Remaining recoverable reserves

The field is expected to recover 75.48 Mmboe, comprised of 452.86 bcf of natural gas reserves.


Contractors involved in the Midia Gas Development conventional gas field

Some of the key contractors involved in the Midia Gas Development project as follows.

Design/FEED Engineering: Det Norske Veritas Holding and Subsea 7

Main EPC: Grup Servicii Petroliere

Other Contractors: Comtech Systems, Corinth Pipeworks, Ergil Group, Grup Servicii Petroliere and Heatex Norway

About Black Sea Oil & Gas

Black Sea Oil & Gas SRL (Black Sea OG), formerly Midia Resources SRL is an upstream oil and gas company that offers exploration and development of conventional oil and gas resources. The company holds interests in two blocks such as XIII Pelican and XV Midia Shallow within the underexplored Romanian continental shelf of the Black Sea. Its blocks contains the Ana, Doina, Luceafarul and Eugenia gas discoveries and portfolio of prospects and leads in the Midia block. The company has operations in Bucharest and Agigea, Romania. Black Sea OG is headquartered in Bucharest, Romania.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

Related Companies

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