19 April 2024
Bulgaria government grants Total permit for deepwater gas exploration
Publication date: 13 July 2012
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The Bulgarian government on Thursday said it had chosen Total to carry out exploration work at the 15,000 sq. km Khan Asparuh deepwater block in the Black Sea, according to reports. Total was in competition with Exxon Mobil and UK independent Melrose Resources for the five-year permit to explore the block near the northern border with Romania, where Exxon Mobil and OMV discovered 40 to 80 Bcm of gas in place earlier this year.