Shell to explore offshore Bulgaria
Published by Angharad Lock,
Digital Assistant Editor
Oilfield Technology,
According to Reuters, Royal Dutch Shell has been selected to carry out deepwater oil and gas exploration in offshore Bulgaria. It is expected that the company will sign a contract by the end of October.
The Balkan country is nearly entirely dependent on Russian gas, and it is hoped that this contract with Shell will reduce the reliance upon Russian imports. In April the country opened tenders for two offshore blocs: Silistar and Teres, and Shell has announced plans to invest €18.6 million in seismic surveys of the block.
Energy Minister, Temenuzhka Petkova, told reporters: “This is a very serious success for us and one for the most important steps towards diversifying our gas supplies.”
Edited by Angharad Lock
Sources: Reuters
Read the article online at: https://www.oilfieldtechnology.com/exploration/29092015/shell-to-explore-offshore-bulgaria-470/
You might also like
Union Jack Oil plc sign farm-in agreement with Reach Oil and Gas for the Sark Drilling Project
The agreement is to acquire a 60% working interest (paying 80%) in the Sark well, planned to be drilled early 3Q25, located in Central Oklahoma, US.
