BULGARIA

BULGARIA

CAPITAL: SOFIA

POPULATION: 8 mm

AREA (on): 110,900 km²

OIL PEAK: 1967

SUPPLY

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 continues.

DEMAND

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.

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.