Bulgaria has few prospects and only minor onshore oil
production from a few complex fields and small amounts of offshore NGLs.
The country peaked in 1969 and, despite some short term growth, decline
is expected to continue.
Onshore associated gas is also very minor in volume although new
infrastructure has helped increase output. However the offshore Galata
gas field in the Black Sea came onstream in 2004 and other small
developments are planned and exploration for new offshore gas fields
Oil consumption has picked up as the country has slowly
developed but growth has now been stalled by higher oil prices and the
recession as nearly all oil is imported.
Gas consumption has been rising since 2002 and, after imports declined
from 1996 through to 2005, they are likely to steadily increase despite
new output from the Bulgarian Black Sea.