BSOG to wait for update on offshore hydrocarbon legislation before final investment decision – Romania, 3 August 2018

Oil and gas company Black Sea Oil & Gas (BSOG) said that it will adopt its final investment decision for its Midia Gas Development project until the approval of Romania’s offshore hydrocarbons law in a version that provides stability for investors.
The statement from the company said that offshore hydrocarbon law, which was sent back to the Parliament for revision, needs to address the timely resolution of regulatory processes, gas market structure, fiscal regime and stability to bring these efforts forward to development. Assuming timely resolution for all these issues, BSOG plans to take its final investment decision in the last quarter of 2018.

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