The Bulgarian government signed a contract with the energy company Shell for oil and natural gas exploration in the Black Sea. Bulgarian Prime Minister Rosen Jlyazkov said it has an enormous potential in the development of his beds. Oil and natural gas discoveries will be made in these reserves.
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According to national media reports, Bulgarian Prime Minister Rosen Jlyazkov, Bulgarian Energy Minister Zhecho Stankov, Shell Bulgarian Search and Production Manager Vanya Ivancheva attended the signing ceremony held at the Council of Ministers in Sofia, Bulgaria.
Prime Minister Jlyazkov said in a statement at the signing ceremony that his country has a tremendous potential in the development of oil and natural gas deposits.
Petroleum and natural gas discoveries will be made
Within the scope of the contract, Bulgaria’s “1-26 Han Tervel” block in the exclusive economic region of the Black Sea will be made in the block of oil and natural gas.
These studies will be an important step in revealing its own production potential in terms of energy independence of Bulgaria.
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