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“Today is a great day for Romania, for the strategic partnership between Romania and the United States of America, especially on its economic side. For us, for the Government of Romania, the exploitation of natural gas from the Black Sea has been, is and It will be a priority.Today, here, we are witnessing an important step in this project, an American investment of more than 500 million euros, through which Romanian gas from the Black Sea will finally reach the homes of Romanians.
It is an ambitious program that the government has adopted to bring Romanian gas to the homes of Romanians, to have new sources of gas available. Today, when starting the installation of the underground marine gas pipeline, we will have the certainty that next year the first molecule of gas will flow through these gas pipelines. I want this strategic partnership with the United States to continue, this economic aspect. (…)
I wish Black Sea Oil & Gas and Grup Servicii Petroliere success, so that next year we will be here and see how the first gas will come out of the Black Sea and enter the national transport system. “Now here as we speak we are discovering more gas fields in the countries bordering the Black Sea, Romania is taking a very important step and ensuring that it will probably be the first country to extract gas from the Black Sea,” Popescu said, in the official act on the start of the pipeline installation works.
The minister emphasized that, two years ago, in the Commission of Industries and Services, during the discussions on the offshore law, there was a “very big” debate about what will happen to the beaches when the pipes are installed and that later it was decided that all Underpass works in these wilderness areas should be “environmentally friendly.”
“And that is why, by law, it was established that all subtraces are made in depth, not digging and today, here, they will see that this will be done and these wonderful beaches will be available to the people,” he said. Popescu.
It is the first natural gas development project on the Romanian continental shelf of the Black Sea, to be built after 1989, it has the capacity to cover in the first phase 10% of Romania’s natural gas demand. There are currently around 10 billion cubic meters of resources to put into production at a volume of around one billion cubic meters per year.
The project includes the Ana and Doina gas fields (320 Bcf P50 probable resources) discovered in 2007 and 1995 respectively.
The construction, installation and commissioning of all the marine and terrestrial infrastructure of the MGD Project (construction of the offshore production platform, excavation of development wells, installation of offshore and onshore pipelines and construction of the gas processing terminal ) will be completed in approximately two years. based on a general contract agreement with GSP Offshore. GSP’s Uranus drilling rig will drill all five production wells.
In February 2019, the partners and shareholders of BSOG decided to invest in the MGD Project. It will generate an investment of 400 million dollars and approximately 70% of the total contracted activities will come from Romania. In total, from day one, the project cost reaches $ 600 million, according to Mark Beacom, CEO of Black Sea Oil & Gas.
BSOG has entered into a gas sale agreement with a Romanian subsidiary of ENGIE for all natural gas production, minus the share that producers are obliged to sell in the centralized market, and a natural gas transmission contract with Transgaz for a 15-year period, informs Agerpres.
Turks also covet Black Sea gas
Turkey will send a second drillship to operate in the Black Sea, Energy Minister Fatih Donmez said on Sunday, weeks after Ankara authorities announced the discovery of the largest natural gas deposits in Turkey’s history. Black Sea, Reuters reports.
“Our Kanuni drillship will begin drilling in the Black Sea,” Fatih Donmez said in a message posted on his Twitter account.
The Turkish official added that the Kanuni ship will support the Fatih drillship, which a few weeks ago discovered a field in the Black Sea that would contain 320 billion cubic meters of natural gas. The place where the natural gas was discovered is the Tuna-1 perimeter, located about 150 kilometers off the coast of Turkey, at the intersection between the maritime borders of Bulgaria and Romania with the territorial waters of Turkey and near the Neptune block in Romania. . Gas from the Black Sea in recent decades.
Reuters says it is unclear at this time whether the Kanuni ship will drill in the same area as the Fatih ship. Data provided by the ship location app Refinitiv shows that the Kanuni ship is currently off the coast of Antalya province in southern Turkey.
In recent years, Turkey has purchased three offshore drilling ships and significantly expanded energy exploration operations in the Black Sea and disputed waters in the eastern Mediterranean. Turkey currently imports almost all the energy it needs, and any natural gas discovery would also help reduce a chronic current account deficit that puts pressure on the Turkish lira.
