Black Sea Oil & Gas (BSOG) has awarded a contract to GSP Offshore for the drilling of two offshore exploration wells in the XV Midia Shallow Block, Romanian Black Sea Continental Shelf. 

BSOG has contracted the cantilever-type jack-up drilling rig ‘GSP Uranus’, which will be used to drill two exploration wells situated at water depths up to 100m.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The exploration drilling is expected to start in the last quarter of this year. 

The awarded contract to GSP Offshore also includes auxiliary services such as aviation, logistics and offshore service vessels to support the drilling operations.

BSOG CEO Mark Beacom said: “The Midia Block Concession Holders are targeting prospects that not only could add to the resource base of the Concession Holders but, more importantly, could feed the Midia Gas Development Project currently consisting of the Ana and Doina discoveries that is currently heading towards development approval.”

"The Midia Block Concession Holders are targeting prospects that could feed the Midia Gas Development Project currently consisting of the Ana and Doina discoveries that is heading towards development approval."

Currently, BSOG needs to obtain all the approvals required to develop the Midia Gas Development Project. These include NAMR and ANRE approvals, environmental and construction approvals and permission from local and national authorities. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

BSOG also needs to secure Transgaz approval along with shareholder and partner approvals.

The BSOG partner group expects to obtain all these approvals this year. It will then take another two years to build the offshore platform, drill development wells, deploy offshore and onshore pipelines and gas treatment plant construction.

Black Sea Oil & Gas is wholly owned by Carlyle International Energy Partners.

The company focuses on exploration and development of conventional oil and gas resources.

Currently, BSOG portfolio includes XV Midia Shallow Block and XIII Pelican Block concession in the Romanian Black Sea, where it holds a 65% interest along with operatorship.