Romanian energy company Black Sea Oil & Gas (BSOG), with its co-venture partners, Petro Ventures Resources and Gas Plus International B.V. are planning to go ahead with $400 million Midia Gas Development project (MGD project), in the Black Sea, Romania.

BSOG, run by UK oil company Carlyle International Energy Partners and European Bank for Reconstruction and Development, said that the project infrastructure, including all offshore and onshore facilities, is to be built by the first quarter of 2021.

BSOG will complete detailed engineering for its project, start the fabrication of the Ana Wellhead Platform at the shipyard in Agigea and the civil constructions at the GTP site in Corbu.

BSOG has also secured a gas transmission deal with Transgaz to transport MGD Project production into the National Transmission System for a period of 15 years.