Shell gets deepwater Bulgaria exploration permit

Offshore staff

SOFIA, Bulgaria Bulgaria has selected Royal Dutch Shell to conduct deepwater Black Sea exploration.

Bulgaria had offered two blocks for tenders earlier this year, and Shell was the only bidder on the Silistar permit, says a Reuters report.

Shell’s five-year permit over the 7,000 sq km (2,703 sq mi) area calls for sending $21 million on seismic surveying.

Reuters says Bulgaria is moving to help reduce its dependence on Russia for natural gas supplies.

09/30/2015

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