Black Sea Offshore

2015 EVENT SNAPSHOTS
“Black Sea, beyond the purely commercial importance due to insuffi cient resources
exploitation, plays also a strategic role in the energy security of the Black Sea countries
and the EU. Romania strongly supports the idea of a unifi ed European strategy on
the Black Sea, through close collaboration with other Black Sea states
and with other neighbouring states.”
Corneliu Condrea
General Director,
Directorate of Energy Resources, Ministry of Energy
SMALL AND MEDIUM ENTERPRISES AND BUSINESS
ENVIRONMENT OF ROMANIA
“With the calibre of the companies operating in the Black Sea and the volumes of gas
we are talking about we think the Black Sea has a potential to provide some serious
competition in the gas market of South East Europe.”
Chris Meredith
Senior Research Analyst
WOOD MACKENZIE
“More rigs are becoming available for operations in the Black Sea and competitive rigs are
likely to be contracted with lower day rates than before as rates are decreasing towards
operating costs. This could favour operations in the Black Sea under current low oil prices
in two ways:
– Bringing new projects “back in the money” following discounted
drilling costs and attract new operators
– Helping cash-constrained operators currently holding off to resume
investments in viable projects in the Black Sea”
Clara Cuvelier
Oilfi eld Services Analyst
MCKINSEY ENERGY INSIGHTS
“Timetable towards implementation of EC Offshore Safety Directive:
• Entered into force 19 July 2013
• Member States to transpose by 19 July 2015
• To be applied by industry on new installations by 19 July 2016
• All existing installations (more than 1000 in EU including 9 in Black
Sea) to comply by 19 July 2018”
Iain Lambie
Seconded National Offi cial, European Commission
DIRECTORATE GENERAL FOR ENERGY
“Transgaz included in its 10-year Development plan (2014-2023) for the gas transmission
system a series of projects (~1.5 billion Euro) designed to contribute to:
• increase the interconnectivity of the Romanian transmission system and neighbouring
countries;
• create adequate transmission capacity for retrieving and harnessing
of the natural gas coming from the Black Sea to the regional markets”
“Our company’s mission is to take a proactive look and try to get our concessions
developed, our discoveries up and running, go after the exploration plays and try to make
some more discoveries….Try to become a signifi cant player in Romania whether it means
more on the onshore as well as offshore... We are open for business
and looking for opportunities.”
Elisabeta Ghidiu
Director Strategy & Corporate Management Division
TRANSGAZ
Mark Beacom
CEO
BLACK SEA OIL & GAS SRL
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