The Black Sea has huge potential regarding hydrocarbon reserves, but these resources cannot be extracted because of multiple setbacks that can be removed through “a leadership vision” by the government, Beacom told an energy seminar in Bucharest.
According to the company official, Sterling Resources will extract three million cubic meters of gas per day, from the two perimeters, in 2014. By comparison, daily consumption of gas on a national level, in winter, reaches some 60 million cubic meters.
Sterling Resources holds oil assets in Great Britain, Romania and France.