© Copyright Acquisition International 2026 - All Rights Reserved.

Article Image - Carlyle International Energy Partners acquires Romanian business of Sterling Resources’ assets
Posted 1st April 2015

Carlyle International Energy Partners acquires Romanian business of Sterling Resources’ assets

Carlyle International Energy Partners acquires Romanian business of Sterling Resources' assets

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Carlyle International Energy Partners acquires Romanian business of Sterling Resources’ assets
Image

Carlyle International Energy Partners Acquires Romanian business of Sterling Resources

View Biography

The Carlyle Group

View Biography
Sterling Resources

Acquirer

Target

The Carlyle Group (NASDAQ: CG), has agreed to acquire the entire Romanian business of Sterling Resources Ltd.

The acquisition includes license blocks 13 Pelican, 15 Midia, 25 Luceafarul and 27 Muridava, and will be structured as a corporate acquisition of Sterling’s wholly-owned subsidiary Midia Resources SRL. These assets, located in the Romanian Black Sea, contain a number of significant gas discoveries and have net 2C Resources of 51mmboe and net Prospective Resources of 375mmboe.

Marcel Van Poecke, Head of Carlyle’s international energy team, said: “We are investing in the future of energy for South East Europe. Our team’s expertise and resources can help deliver the production capacity and infrastructure needed to ensure the company becomes a significant regional gas producer.”

In addition to the initial consideration paid for the acquisition of Midia, Carlyle International Energy Partners (CIEP) will also fund the future development of the assets, which is expected to constitute a sizable inward investment into Romania. The development project will focus on drilling, infrastructure construction, production and sale of gas to market. The current Midia team will remain in place, with additional resources added to deliver this important project, with the aim of the company becoming a significant regional energy player in the near term.

Capital for this investment will come from CIEP, a $2.5 billion fund that invests in global oil and gas exploration and production, mid- & downstream, oil field services and refining and marketing in Europe, Africa, Latin America and Asia. This acquisition will be the fourth investment by the fund. The transaction is expected to close by the end of the second quarter of 2015 subject to typical conditions, including statutory Romanian approvals and the consent of certain participants in the Romanian concessions.

Categories: Finance, M&A


You Might Also Like
Read Full PostRead - Eye Icon
Proven Pedal Power!
Strategy
14/10/2021Proven Pedal Power!

As the world looks for green solutions, local governments around the world have been investigating ways of making their communities more environmentally friendly. PBSC Urban Solutions is a Canadian innovation that has grown into an astonishing success which le

Read Full PostRead - Eye Icon
Brazil Offers Both Opportunities and Obstacles for Companies and Transferring Employees
Strategy
28/09/2015Brazil Offers Both Opportunities and Obstacles for Companies and Transferring Employees

Although it is the fifth largest country in the world, Brazil poses both significant opportunities - and obstacles - for employers and their relocating employees, according to a new report from Cartus Corporation.

Read Full PostRead - Eye Icon
The Pros and Cons of Investing in Gold
Finance
12/08/2022The Pros and Cons of Investing in Gold

Amongst increasing living costs and high levels of inflation, one of the last things on our minds might be investing in gold. However, there are some pretty convincing reasons as to why you should. Capable of transforming Victoria in the gold rush, gold manage

Read Full PostRead - Eye Icon
Infinite Ingenuity Inspires
Finance
06/08/2019Infinite Ingenuity Inspires

A UK-based company with headquarters in Oxford, Vizidox Solutions Limited (VDX) are at the forefront of using blockchain technology to provide bespoke data management and tracking solutions that empower businesses. With an influential and focused CEO at the he

Read Full PostRead - Eye Icon
Everything You Need to Know About Virtual Data Rooms
Innovation
04/03/2022Everything You Need to Know About Virtual Data Rooms

In the current world, digital companies are becoming more prominent in the business sphere. Resulting in an increase in data management by businesses, though with the increase in data responsibility is needed for those businesses to protect and manage that dat

Read Full PostRead - Eye Icon
9 Fun Ways to Advertise Your Business
News
29/06/20239 Fun Ways to Advertise Your Business

In the ever-evolving world of business, capturing the attention of potential customers is crucial for success. To stand out against the competition, it’s important to look beyond traditional advertising methods and explore fun, inventive ways to promote your

Read Full PostRead - Eye Icon
Simplifying Asset Performance Management
Finance
22/07/2019Simplifying Asset Performance Management

Atonix Digital develops and offers a suite of software solutions to help businesses and utilities to boost efficiency, increase the accuracy of planning, and to improve day-to-day decision-making in an everchanging landscape

Read Full PostRead - Eye Icon
Responding to a PR Crisis: Five Keys to Damage Limitation We’ve Learned This Month
Leadership
02/09/2025Responding to a PR Crisis: Five Keys to Damage Limitation We’ve Learned This Month

If there’s one thing we’ve learned from the Astronomer kiss-cam scandal, it’s that today’s PR crises can break, take on a life of their own and morph into something entirely new before you’ve even had the chance to brush your teeth in the morning.

Read Full PostRead - Eye Icon
CEO of the Year
Innovation
02/02/2016CEO of the Year

Delta Network System Ltd. is the core entity of DNS group, with the vision of providing best solution for advanced networking and integration solutions and services.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow