Shell, Repsol Team Up Offshore Bulgaria

Published

© Emil / Adobe Stock
© Emil / Adobe Stock

Bulgaria has given permission to Royal Dutch Shell to transfer 20 percent of the rights to explore a block off its Black Sea coastline for gas and oil to Spain's Repsol, the government said on Wednesday.

In December, Shell was allowed to transfer 30 percent of its drilling rights to Australia's Woodside Energy.

The Balkan country contracted Shell for deepwater exploratory drilling in 2016 as part of its efforts to end its almost complete reliance on Russia's natural gas supplies.

The drilling of the first exploration well in the 1-14 Khan Kubrat block is expected to start in April, the energy ministry said.


(Reporting by Tsvetelia Tsolova; editing by Jason Neely)

Current News

Martens en Van Oord Purchases Autonomous Survey Vessel From Demcon unmanned systems

Martens en Van Oord Purchases

Mubadala Hires SLB for Deepwater Drilling Services Offshore Indonesia

Mubadala Hires SLB for Deepwat

Cydome Rolls Out Remote Cybersecurity Tool for Offshore Wind Farms

Cydome Rolls Out Remote Cybers

BW Offshore, McDermott Unveil Blue Ammonia FPSO Concept (Video)

BW Offshore, McDermott Unveil

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine