Petro Ventures Resources (PVR), which owns a 20% stake in the Midia offshore concession in the Black Sea, operated by Black Sea Oil and Gas (BSOG), considers the option of selling its participation in the project, according to local media reports.
The Midia gas project began production in mid 2022. It delivers 1 billion cubic meters of natural gas per year. BSOG recently said it could boost output by 25%.
The other Midia concessionaires are BSOG (70%) and Gas Plus Dacia (10%).