Black Sea Oil & Gas (BSOG), a Carlyle Group company, has secured equity investment of up to $23.4 million from the European Bank for Reconstruction & Development for its proposed gas project off Romania.
BSOG operates the Midia XV block, where it is working on plans to tap the Ana and Doina gas discoveries.
Current plans call for gas from the fields to be piped 130 kilometres to shore, feeding into a gas plant at Vadu before entering Romania’s gas network.
