Winter Tourism: 1.8 Million Visit Bulgaria
Bulgaria has witnessed a bustling winter tourism season, with a total of 1.8 million tourists gracing its picturesque landscapes from December 1 to March 25
Edinburgh-based oil explorer Melrose Resources has contracted the jackup GSP Jupiter to drill the Kavarna East prospect in the Bulgarian sector of the Black Sea in July.
The structure lies between the Kavarna and Kaliakra gas discoveries, and contains un-risked reserves of 12 billion cubic feet (bcf), the Offshore magazine reported.
Melrose has secured an option for the rig to drill also the Kaliakra East prospect as part of the same program, if this proves operationally feasible. It estimates Kaliakra East’s un-risked reserves at 59 bcf. However, the water depth at the drilling location is close to the rig’s operating limit.
Bulgaria’s government has granted Melrose Certificates of Commerciality for the Kavarna and Kaliakra fields, and development planning in both cases is well advanced.
At the end of June (prior to drilling Kaliakra East), the Jupiter should install the Kaliakra subsea tree. Grup Servicii Petroliere’s lay barge Bigfoot will simultaneously start work on the flow lines.
First gas from Kavarna is now due in August, with Kaliakra to follow early in October.
Bulgaria’s authorities have requested additional independent feasibility studies concerning Melrose’s proposed conversion of the Galata gas field into an offshore storage facility.
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The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022