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 BULGARIA
Eastern Europe
Bulgaria has very limited prospectivity. The country has
minor depleting onshore oil and gas fields, dominated by the Tulenevo
field on the edge of the Black Sea on the so-called Moesian Platform.
These produce from just over 200
oil wells and 10 gas wells operated by the Bulgarian company, Pleven Oil
& Gas.
After the fall of communism Bulgaria was believed to have
many new opportunities. These were located particularly in the Black Sea
but also onshore in deep, sub-thrust regions beneath the Carpathians.
 Results have been poor,
with Texaco only discovering the
Galata gas field 23 kms offshore to the east of Varna in 1993. It did
not develop it at the time but Melrose, a small Scottish company, now owns 3 offshore
concessions, including this Galata Production Concession.
The Galata field, with estimated reserves of 2.5 Bcm of
gas, came onstream in April 2004 through an offshore/onshore pipeline,
which links into the Bulgarian gas distribution system at Provadia.
Further exploration in the Galata trend is taking place although has so
far been unsuccessful. Rights to
explore onshore and offshore continue to be offered by the Ministry of
Environment and Water.
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CAPITAL
Sofia
Population
7.4 million
Onshore area
(000's sq kms)
110.9
Offshore area
(000's sq kms)
NEW
OIL PEAK YEAR
1967 |
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