Carlyle agrees to sell Romanian gas producer BSOG to Mazarine Energy
Black Sea Oil & Gas, Romania's largest offshore gas producer, is being sold by Carlyle and the EBRD to Mazarine Energy; closing is expected in Q1 2027.
Mazarine Energy is acquiring Black Sea Oil & Gas SA from Carlyle and the European Bank for Reconstruction and Development. The deal is subject to customary regulatory approvals and is expected to close in the first quarter of 2027.
Black Sea Oil & Gas is Romania's largest offshore natural gas producer. As operator and majority owner, it developed the Midia Gas Development project, including the offshore Ana platform, a 126-kilometre subsea pipeline and the Vadu onshore gas treatment plant. The company will continue to operate the project.
Trafigura is providing bridging facilities to Mazarine Energy to finance the acquisition. Watson Farley & Williams advised Trafigura as lender.
Deal facts
- Target
- Black Sea Oil & Gas
- Business
- Romanian offshore gas producer supplying around 10% of the country's gas needs
- Buyer
- Mazarine Energy
- Seller
- Carlyle
- Deal type
- Exit
- Advisers
- Watson Farley & Williams legal counsel to Trafigura
- Trafigura lender to Mazarine Energy
- Status
- Announced, not yet closed
- Announced
- Wednesday, October 28, 2026
Sources
- Private Equity WireOct 30, 2026
- marketscreener.comOct 28, 2026
- Watson Farley & WilliamsOct 30, 2026
Written by Buyout Desk from the sources above. Spotted an error? Email corrections@buyoutdesk.com.