Bulgaria Receives No Bids for Oil, Gas Exploration Licence in Black Sea
Thursday, 01 January 1970
Bulgaria cancelled a tender for awarding a licence for oil and natural gas exploration in the country’s economic zone in the Black Sea, Block 1-22 Teres, after no bidders showed up, the government said.
Seven companies purchased application papers, but none of them submitted an an offer, the government said in a statement following a regular weekly meeting.
The licence was to cover the 4,032 square kilometre Block 1-22 Teres for a period of five years.