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
Why electric submersible pump (ESP) optimisation starts with motor control
Motaz Hassan, Global Application Manager - Artificial Lift Solutions at ABB, Motion Drive Products, explores some of the most common ESP challenges from backspin and gas lock to underload conditions. He then explains how application-specific drive control helps improve reliability, protect equipment and support production continuity.
