×
×
Project Insights

Black Sea E&P proceeds as IOCs look south

IOCs are continuing to explore for gas in the Black Sea, but they are turning their eyes to the Southern Gas Corridor as a route to export future output to Europe IOCs are continuing to explore for gas in the Black Sea, but they are turning their eyes to the Southern Gas Corridor as a route to export future output to Europe.
By Silvia Favasuli 28 March 2019 Europe & Russia / Exploration & Production 0 34080
Bulgaria and Romania offshore exploration and production projects

Exploration in Europe’s section of the Black Sea is continuing, with Shell is set to start a three-month drilling programme in the Khan Kubrat block on 1 April and Total began drilling its Melnik 1 well in the Han Asparuh prospect in November. But a delay in the development of the second phase of the Bulgaria-Romania-Hungary-Austria (BRUA) pipeline is pushing investors towards the Southern Gas Corridor as an alternative route for exporting their gas.

IOCs...