Total signs contract for offshore Khan Asparuh license
Total has signed the exploration contract with the Bulgarian government for the offshore Khan Asparuh license, awarded under the licensing round that opened last January 31. The 14,220 km2 block is located approximately 80 km offshore in the Black Sea in water depths of between 100 and 2000 m.
Total has signed an agreement to allow two other European companies to work on the permit, Austria’s OMV (30%) and Spain’s Repsol (30%), with Total retaining a 40% stake.
“Total’s international experience in deep-offshore exploration and production was a decisive factor in winning the license,” said Marc Blaizot, Total’s Senior Vice President, Exploration.
Adapted from press release by Peter Farrell.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/30082012/total-signs-off-exploration-contract-for-khan-asparuh-license/
You might also like
The President of the Republic of Cyprus meets Eni CEO
President Christodoulides and Eni’s CEO reviewed the discoveries made in 2022 by Eni and its partner TotalEnergies of Cronos and Zeus which led to the drilling of the Cronos 2 appraisal well in late 2023.