Shell Kicks Off Oil, Gas Exploration in Silistar Block
Oil giant Shell has completed a stage of oil and gas exploration in the Silistar offshore block, in Bulgaria's Black Sea zone.
Shell Exploration & Development will analyze the result of seismic studies to decide whether or not to drill into the seabed, Capital.bg reports.
Progress in the neighbouring block in Turkish waters, where Shell is looking for gas together with Turkish Petroleum, is a source of optimism after a sucessful drilling.
With a surface of 7000 square kilometers, Silistar is available to Shell for exploration for a period of five years, with the option of two extensions by two years each.
Last year, Total announced oil had been found in the nearby Khan Asparuh block, where the French company is looking for fossil fuels alongside OMV and Repsol.
- » Israel has Reached a Historic Deal on Egypt's Natural Gas Supply
- » Bulgarian Energy Minister Will Negotiate the Construction of the Southern Gas Corridor Today in Baku
- » About 2000 Households are Without Power Supply in NW Bulgaria, Due to Strong Wind
- » The EU's Dependence on Gas Imports will Increase to 83% in 2040
- » CEZ: About 5 000 Subscribers in Western Bulgaria Are Still Left Without Power
- » Rising Urges Bulgaria to Meet Nuclear Power Potential