Bulgaria To Award Licence for Offshore Oil, Gas Exploration
Thursday, 01 January 1970
Bulgaria has opened a procedure to award a licence for oil and natural gas exploration in the country's exclusive economic zone in the Black Sea, the government said.
The five-year licence will cover the 1,612 square metre Block 1-23 Sveta Marina, the government said in a statement following a regular weekly meeting on Wednesday.
The aim is to use next-generation geological technology to locate sites suitable for exploratory drilling, the statement said.