Black Sea Oil & Gas to start offshore gas production in 2019
(WorldNews Business)

* For other news from Reuters Central & Eastern Europe Investment Summit, click on http://www.reuters.com/summit/CentralEasternEuropeInvestment17 By Luiza Ilie BUCHAREST, May 24 (Reuters) - Black Sea Oil & Gas said it aims to start production at two gas fields off Romania by 2019, becoming the first company to tap the country`s vast offshore resources. The Romanian company, controlled by private equity firm Carlyle Group LP, discovered two wells holding an estimated 10 billion cubic metres of gas in 2008 some 120 kilometres offshore, where it has rights over the XIII Pelican and XV Midia Shallow blocks. `We`re hopeful for the first gas in 2019,` Chief Executive Mark Beacom said in an...