Bulgaria to Launch Tenders for Silistar, Teres Exploration Blocks in 2 Weeks

Delyan Dobrev, head of Bulgaria’s parliamentary energy committee, has presented an upcoming tendering procedure for two Black Sea exploration blocks to representatives of Norwegian oil and gas company Statoil.

Dobrev met Tuesday with Rune Bjørnson, Senior Vice President for Natural Gas in Statoil, and Tony Doré, Senior Advisor to Exploration Management at the company.

The meeting was held during the International Petroleum (IP) Week in London, where Dobrev and Deputy Energy Minister Zhecho Stankov are to present the opportunities for exploration activities at the two Black Sea blocks, according to the press office of ruling center-right party GERB (Citizens for European Development of Bulgaria).

Dobrev made clear that Bulgaria’s Energy Ministry was to publish the announcement for the launch of the tendering procedure for a permit for prospecting and exploration of oil and gas in the Silistar and Teres blocks in the Black Sea in the Official Journal of the European Union (OJ) in two weeks’ time.

Dobrev assured the Statoil representatives that the tendering procedure would be transparent, adding that the permit would be granted for a period of 5 years.