Mazarine to acquire Romania's Black Sea Oil & Gas as Carlyle, EBRD exit

· Oil & Gas · Romania

Mazarine Energy has struck a deal to acquire Black Sea Oil & Gas, Romania's largest offshore gas producer. The transaction sees Carlyle and the European Bank for Reconstruction and Development exit from the company. BSOG is described as Romania's largest offshore gas producer, making the sale a change of ownership at the country's key Black Sea gas asset. The deal adds to consolidation among Black Sea upstream players, with a new owner set to steer the producer's offshore operations. Terms were not disclosed in the item.

Why it matters：A change of ownership at Romania's largest offshore gas producer reshapes Black Sea upstream ownership and signals that financial investors are exiting the region's gas assets.

Key points

  • Mazarine Energy is acquiring Black Sea Oil & Gas, Romania's largest offshore gas producer.
  • Carlyle and the EBRD are exiting the company through the deal.
  • Deal terms were not disclosed.

Sources (original reporting)

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