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(WO) — OMV Petrom and companion NewMed Vitality are making ready to launch an offshore exploration drilling marketing campaign in Bulgaria’s Han Asparuh block, marking a brand new section of exercise within the western Black Sea.
Drillship Globetrotter I (Picture supply: Noble Company)
The drillship Globetrotter I, operated by Noble Company, has arrived in Bulgaria forward of drilling on the Vinekh-1 nicely, positioned about 125 miles east of Varna in water depths of roughly 6,560 ft (2,000 m). Remaining preparations are underway, with drilling anticipated to start by year-end.
“We’re excited to begin exploration drilling in Bulgaria — a milestone that strengthens our presence within the Black Sea. Having two rigs working concurrently, one offshore Bulgaria and one other offshore Romania, is a exceptional achievement for our crew. This mission enhances our current operations and underscores our dedication to contribute to the regional vitality safety,” stated Christina Verchere, CEO of OMV Petrom.
The drilling program contains two offshore wells and is anticipated to take about 5 months. The marketing campaign carries an estimated finances of roughly €170 million (about $185 million).
“We consider within the potential of the Black Sea for the area and along with our companions at NewMed Vitality, now we have dedicated to investing in its exploration. This is a crucial second, which displays our experience as a deep offshore operator within the Black Sea area. The drilling marketing campaign contains two wells, and is anticipated to price round 170 million euros. Superior know-how and the best security requirements are important for our operations,” stated Cristian Hubati, member of OMV Petrom’s govt board answerable for exploration and manufacturing.
Halliburton will present built-in drilling providers, whereas SLB will deal with nicely testing.
NewMed Vitality stated the marketing campaign represents a strategic step in increasing its regional footprint.
“The beginning of this drilling marketing campaign marks an essential milestone for our partnership and for the event of vitality sources within the area. The Han Asparuh block has important potential and opens new alternatives for Bulgaria. On the identical time, it is a crucial step in increasing our operations in Southeast Europe,” stated Yossi Abu, CEO of NewMed Vitality.
The Han Asparuh block covers about 5,295 sq mi (13,712 sq km) within the western Black Sea, south of Romania’s Neptun block. Earlier exploration has included seismic surveys and three exploration wells, with a large-scale 3D seismic marketing campaign accomplished in 2020.
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