Balgarianovinite.com OMV Petrom, the largest integrated energy producer in South-Eastern Europe and the operator of the Khan Asparuh offshore block, together with partner NewMed Energy, has announced progress in the exploration activities for the block.
“We are excited to start exploration drilling in Bulgaria — a milestone that strengthens our presence in the Black Sea. Having two rigs operating simultaneously, one offshore Bulgaria and another offshore Romania, is a remarkable achievement for our team. This project complements our existing operations and underscores our commitment to contribute to the regional energy security”, said Christina Verchere, CEO of OMV Petrom.
The drillship Globetrotter I of Noble Corporation has arrived in Bulgaria. The first well location, Vinekh-1, is situated approximately 200 km east of Varna, in water depths of around 2,000 meters. Final preparations are underway to commence drilling by the end of the year.
“We believe in the potential of the Black Sea for the region and together with our partners at NewMed Energy, we have committed to investing in its exploration. This is an important moment, which reflects our expertise as a deep offshore operator in the Black Sea region. The drilling campaign includes two wells, and is expected to cost around 170 million euros. Advanced technology and the highest safety standards are essential for our operations”, said Cristian Hubati, Member of OMV Petrom’s Executive Board responsible for Exploration and Production.
“The start of this drilling campaign marks an important milestone for our partnership and for the development of energy resources in the region. The Han Asparuh block has significant potential and opens new opportunities for Bulgaria. At the same time, it is an important step in expanding our operations in Southeast Europe”, said Yossi Abu, CEO of NewMed Energy.
The exploration campaign includes two wells, with a total budget of around EUR 170 million. Halliburton will provide integrated drilling services, and SLB will handle well testing. The drilling campaign is expected to take approximately five months.
Khan Asparuh is an exploration block located in the Western Black Sea in Bulgaria, South of the Neptun block in Romania and has an area of 13,712 sq km with water depths slightly below 2,000 m. Exploration activities started in 2012 and included geological and geophysical surveys and the drilling of three exploration wells. An extensive 3D seismic campaign was finalized in May 2020 to identify potential drilling targets. Exploration Activities in Khan Asparuh Block Advance 2025 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2025-12-15 14:44:42 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law
