OIL & GAS
OIL & GAS
OIL & GAS
OIL & GAS
MGD Project, which is the 1st new offshore gas development project in the Romanian Black Sea to be built after 1989, consists of 5 offshore production wells (1 subsea well at Doina field and 4 platform wells at Ana field) a subsea gas production system over the Doina well which will be connected through an 18 km pipeline with a new unmanned production platform located over Ana field. A 126 km gas pipeline will link the Ana platform to the shore and to a new onshore gas treatment plant (“GTP”) in Corbu commune, Constanta county, with a capacity of 1 BCM per year representing 10% of Romania’s consumption. The processed gas will be delivered into the National Transmission System operated by SNTGN Transgaz SA (“Transgaz”) at the gas metering station to be found within the GTP.
In 2019, BSOG anticipates having completed the detailed engineering for the MGD Project, commenced the fabrication of the Ana Wellhead Platform at the shipyard in Agigea, commenced the civil constructions at the GTP site in Corbu and have purchased & delivered a number of company items.
BSOG also confirmed that all the contracting activities for this project would, in total, have Romanian content of roughly 70%. Infrastructure works are expected to be completed by the first quarter of 2021.
The exploration of the Black Sea Neptun block is a joint venture between OMV Petrom and U.S. major ExxonMobil and includes the first deep-water exploration in Romanian waters. The largest project in the region by production volume and investment in exploration.
Answer some of the concerns expressed by the oil & gas industry and represent a step for returning to a liberalized gas market. This process should continue. We remain keen to have a dialogue with the authorities to understand the way forward.Christina Verchere, CEO, OMV
In July, media reported that representatives of U.S. group ExxonMobil informed the Romanian Government and the National Agency for Mineral Resources (NAMR) that they want to give access to other companies to information about the gas exploitation project in the Black Sea and eventually sell the license, government and oil industry sources.
According to G4Media.ro, Romanian oil and gas group OMV Petrom, which has a 50:50 joint venture with ExxonMobil for the Neptun Deep project, may be interested in taking over the U.S. group’s stake. U.S. investment fund Carlyle, which is in a more advanced phase with another, smaller, gas exploitation project in the Black Sea, through local company Black Sea Oil & Gas, is also reportedly interested in Exxon’s stake.
Three years ago, the companies running this offshore perimeter announced an important gas discovery, estimated at some 30 billion cubic meters. If confirmed, this discovery could cover Romania’s whole gas consumption for about three years.
Lukoil Overseas, a subsidiary of the Russian group, has asked for environment permits to drill three wells in the Trident perimeter, local Economica.net reported. This would be the biggest such operation after the gas discovery was announced three years ago. In the meantime, only seismic prospecting was performed in the area. However, exploration wells are a more efficient tool to assess the viability of the gas discovery.
OMV Petrom started a new offshore drilling campaign in the shallow waters of the Istria block in the Black Sea. Two new wells will be drilled by the end of the year, requiring investments of over 30 million euros. The two wells will be drilled at over 2,000 meters below the seabed, in water depths of approximately 50 meters. They target additional production from the Lebada East field (oil and associated gas), discovered in 1979.
The Istria block in the shallow waters of the Black Sea has a history of over 30 years of oil and gas production. Although fields are mature and reached their plateau production years ago, sustained investment and adequate engineering solutions enable us to unlock additional resources and to mitigate production declinePeter Zeilinger, member of OMV Petrom’s Executive Board
With partners and with good data… we started preparation for drilling 18 months ago. This month the rig will move on to the location and we expect to start drilling on April 1Alexander Kayes, Venture Manager, Shell’s Bulgaria
Drilling of the exploration well in the 1-14 Khan Kubrat block in the Black Sea will be at a depth of 1,300 metres and is expected to take about three months, he said.
In July, Woodside Energy reported that Shell has failed to discover commercial deposits of oil and gas during its exploration drilling programme in block 1-14 Khan Kubrat in the Bulgarian sector of the Black Sea. Further studies are being undertaken to inform future activities in the block, Woodside Petroleum said, adding that no exploration or appraisal wells are planned to commence in the third quarter of 2019.
The companies won a permit for prospecting and exploration of oil and gas in the 1-21 Han Asparuh block in 2012. Under the terms of the contract, they committed to invest over 1.0 billion euro in the gas exploration process, while Bulgaria would receive 40 million euro ($45.2 million) in the form of a bonus payments from the deal, the Bulgarian economy ministry said at the time.
In October 2016, Total said it had discovered oil in the block.
13/03/2019 – Bulgaria’s government said on Wednesday that it accepted a request by France’s Total, Austria’s OMV and Spain’s Repsol to extend by 109 days the permit held by the three companies for exploring for oil and natural gas in the 1-21 Han Asparuh offshore block in the Black Sea. The extension is a result of a force majeure event, the government said in a statement, without giving further details about the event. Their permit is due to expire in January 2020.