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Black Sea Oil&Gas and Transgaz sign a 15 year contract for the transport of natural gas produced in the Midia project
The oil company Black Sea Oil &Gas (BSOG) owned by Carlyle International Energy Partners and the European Bank for Reconstruction and Development (BERD) announced on Friday they signed with Transgaz a 15 years contract for the transport of natural gas produced in the Midia Project (MGD).
The contract was signed by the general manager of Transgaz Ion Sterian and the general manager of BSOG Mark Beacom..
The contract will be applicable only in case of the final decision to invest in the MGD project – it is the result of some actions undertaken on the basis of a cooperation agreement signed in 2016 and a process of open season regarding the reservation of capacity in the National Transport System (SNT) started in July 2017.
‘The contract is signed for a period of 15 years and has as starting date for the transport of natural gas the day of 1 February 2021 for a transmission capacity of 1 billion cubic metres/year’ the press release says.
The MGD project means the drilling of five production wells, a production submarine ensemble on the Doina ore which will be connected through a pipeline of 18 km to the production platform,monitored and operated from the shore, placed on the Ana ore.
‘A submarine pipeline of 121 km will ensure the transport of the gas from the Ana platform to the shore, where there will be a underground pipeline of 4.1 km up to the new station for gas treatment (STG). The treated gas will be delivered through the station for the measurement of gas placed in the STG area to the National Transport System operated by Transgaz’ the press release says.
As regards the MGD project,BSOG continues,in parallel,with the evaluation of the Offshore law impact to advance with all the necessary activities to reach the point where the partners and the shareholders will be able to take the decision to invest, according to Beacom.
Ion Sterian said that Transgaz intends to extend the National System of Transport.
‘Taking into consideration the ores of natural gas discovered in the Black Sea over the last period, Transgaz intends to extend the National System of Transport with the view to creating a supplementary point of natural gas coming from the submarine exploitation areas of the Black Sea.The project means the construction of a new gas transport pipeline with the diameter of 20’’ (Dn500) designed to transport natural gas at a pressure of 55 bar,with total length of approximately 24.37 km that will connect the shore of the Black Sea to the transport pipeline Tranzit 1 going from the shore of the BlackSea – Corbu – Sacele-Cogealac-Gradina. The project will contribute to the sustainable development of the area and the natural gas coming from this area will get into the national transport system’ Ion Sterian said.