6 Energy Giants Eye Bulgarian Black Sea Gas Field

Business » ENERGY | May 21, 2012, Monday // 17:17| Views: | Comments: 6
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Bulgaria: 6 Energy Giants Eye Bulgarian Black Sea Gas Field Photo by dariknews.bg

Six leading international oil and gas companies have bought documents for the tender for the development of the potential deepwater gas field Khan Asparuh off Bulgaria's Black Sea coast.

The companies are British-based Melrose resources, which is already developing a number of smaller gas fields in the Black Sea shelf, Austrian OMV, US ExxonMobile, French Total, Spanish Repsol and Anglo-Dutch Royal Dutch Shell.

The energy giants are expected to file bids by June 17, the bid submission deadline, according to Delyan Dobrev, Minister of Economy, Energy and Tourism, as cited by Standardd daily.

The exploration works on the Khan Asparuh block are expected to start within a month, during which the government should pick a contractor, while the Ministry of Environment and Water should approve the drilling program of the tender winner.

Gas production could start in 2-3 years' time, provided that the exploration activities point to substantial gas reserves.

According to Doberv, there is a very good chance that this will happen, because some 42-84 billion cubic meters of natural gas have been recently proved in Romanian waters near the Khan Asparuh block.

Dobrev believes that this is the reason behind the large number of prominent candidates for exploring the Khan Asparuh block.

The Khan Asparuh block spans 15 000 square kilometers in Bulgaria's Black Sea waters.

The water is up to 2 kilometers deep and the site is hard to explore.

Companies have once given up the site, but the Bulgarian government is calling a new tender.

According to preliminary geologic studies, the Khan Asparuh block may have 500 billion cubic meters of natural gas.

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Tags: natural gas, exploration, Khan Asparuh, Black Sea, Melrose Resources, OMV, Repsol, Exxon Mobil, Shell, Total, Delyan Dobrev
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» To the forumComments (6)
Bucharest12 - 24 May 2012 // 12:57:51

sa-sha, darling, glorifying alcoholism hardly stands for an argument :)

sa-sha - 22 May 2012 // 17:48:00

"Dont worry sa-sha you are IRELEVANT as usual..."----think it would be wise to limit Your text by that likeable observation, Bucharest12, since Your further reasonings force me, the irrelevant drunker, to recollect one nice Russian saying: "Пьяница проспится. дурак-никогда" [~"Drunken will sleep it off, You, fool, never"]. And please, Your poor idea about modern Russia is not my sin...Toast.

viking - 22 May 2012 // 00:29:41

I asked "all" of you a question and no answer;
Why are you still here?
The horse is dead.

39% of Bulgarians smoke and 60% of all Bulgarians favor the ban.

I personaly feel anyone who smokes has a problem and any ban may help them quit.
One fact alone?
$49.00 a carton for Marlboros, ON Sale!
Why would anyone smoke?

Go away unless you have something positive or negative to say about Bulgaria. My god you all came out of the woodwork like roaches

Bucharest12 - 21 May 2012 // 20:34:30

Dont worry sa-sha you are IRELEVANT as usual. The deep sea drilling sites are ~200-400 Km away from the coastline and the beautiful Bg beaches. Last time I remember your dear homeland Russia was not that shy to exploit its gas/oil/metals etc beacuse of the beautiful virgin landscapes around them. And I am pretty sure the companies stated above are way more eco-friendly and subject to EU laws by far more restrictive than the Russian ones. I am sure that the fact that Ro, Bg with the Black sea reserves and probably Poland thru shale gas will be self suficeint by the end of this decade is not exactly good news for Russia but your eternal president will probably adapt and redirect its business toward Asian countries where the political standards and business ethics are more similar to the Russian ones anyway

sa-sha - 21 May 2012 // 19:28:41

I'd like to be, as usual, IRRELEVANT


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