Investments

melrose

During Mid Europa’s investment, Melrose Petrol successfully developed and began producing natural gas from the Galata field in the Black Sea off the coast of Bulgaria.

Melrose

 

Country: Bulgaria
Industry: Energy - Gas production
Investment Date: March 2003
Exit Date: September 2006
Fund: Fund I
Website: www.melroseplc.com

In 2003, Mid Europa invested in Melrose Petrol, which owned and operated the Galata gas field located in the Black Sea off the coast of Bulgaria. Mid Europa converted its exposure to Melrose Resources plc, a listed independent oil and gas exploration and production company with interests in Bulgaria, Egypt, France and the United States.

Mid Europa exited the investment in 2006.