Midia Gas Development is a producing conventional gas field located in shallow water in Romania and is operated by Black Sea Oil & Gas. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block XV Midia Shallow, with water depth of 228 feet. Buy the profile here.
Field participation details
The field is owned by Black Sea Oil & Gas, Gas Plus and Petro Ventures International.
Production from Midia Gas Development
The Midia Gas Development conventional gas field recovered 4.08% of its total recoverable reserves, with peak production expected in 2023. The peak production was approximately 110.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2049. The field currently accounts for approximately 4% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 68.59 Mmboe, comprised of 411.52 bcf of natural gas reserves. Midia Gas Development conventional gas field reserves accounts 0.02% of total remaining reserves of producing conventional gas fields globally.
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.
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