Romania, BSOG seeks 15-year extension for its Midia concession

, SEE Energy News

Black Sea Oil & Gas (BSOG) applied to the Romanian National Agency for Mineral Resources (ANRM) for a 15-year extension of its Midia offshore concession agreement concluded with the Romanian state. The period is the maximum allowed for an extension by the legislation in force.

The natural gas project is the most advanced in the Romanian Black Sea sector and the only one with a final investment decision. Earlier this month, BSOG announced the completion of the installation of the Ana natural gas production platform.

The production was previously scheduled to start by the end of this year, but delays in the works on the gas treatment plant on the shore will delay the first deliveries until next year.

Currently, the concession agreement is valid until 2028, and the company wants to extend it until 2043 by concluding an annex to the agreement.