Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
November 23, 2021

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 2021. 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 Black Sea Oil & Gas, Petro Ventures International and Gas Plus.


Production from Midia Gas Development

Production from the Midia Gas Development conventional gas development project is expected to begin in 2021 and is forecast to peak in 2022, 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, Grup Servicii Petroliere, Heatex Norway and Matre Maskin

Content from our partners
Green investment: What gives Scotland multiple advantages
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager

About Black Sea Oil & Gas

Black Sea Oil & Gas Ltd is a private Alberta based oil and gas exploration and production company which is currently focused in the Worsley area of north west Alberta.

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

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU