The Exploration, Development and Perspective of Oil And Gas in The Black Sea Region

Abstract

The Black Sea region, a large horizon ready to open, ready to explore, ready to show her energy, her power and opportunities. But how we are preparing for this?. It is a high compettiton between all the actors implicated in this field.

The industry was informed to this potential resources by a major study undertaken by Purvin and Gertz in 2011, which predicted a development of a Romanian offshore industry and now exist many recently studies that confirmed the resources of the Black Sea.

We all nnow about the emergence of shale gas in europe, in the last years because is increasing evidence os a more united approach on energy, so the exploration and development of gas reserves in the Black Sea is an optimal alternative to supply gas from the Caspian to South-Eastern Europe.

But this good alternative implicates problems generated by costs, transportation and security of the very long pipelines that will pass through several countries till reaching their final destination.

We try in this paper to pay attention on the main objective in the Black Sea region, in this offshore field, that required the cooperation and sustainability from part of European Union and all its members' state and countries situated in the Black Sea, Mediterranean Sea or Caspian Sea.