Petroceltic Announces Boost of Production in Bulgaria
Oil and gas mining company Petroceltic has announced that it has completed a “tieback” on the production well at the Kiliakra gas field in offshore Bulgaria.
This means it has connected the well to its existing production facility at the site, turing it into a profitable asset, Irish Independent informs.
It is now connected to three fields, the others known as Galata and Kavarna. Once levels settle, the three should produce a combined 30,000 cubic feet per day of gas.
“Bulgaria generates a significant proportion of the company’s revenues and we remain committed to investment in the country. Elsewhere in the region we look forward to results from the multi-well exploration drilling campaign which has recently commenced in Romania,” Brian O’Cathain, Petroceltic’s chief executive, commented, as cited by The Irish Times.
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