OMV is Going to Start an Exploration Drilling in Bulgaria Next February

OMV is going to start an exploration drilling in Bulgaria next February in the Bulgarian Black Sea, where it is believed there are large gas and oil deposits. Bulgarian Prime Minister Boyko Borisov announced the news, as cited by Austrian Der Kurier.

The realisation of the project of the consortium of Austrian oil and gas company OMV, Spain’s Repsol, and France’s Total has been expected since 2012 but was put aside by the socialists’ government, Borisov explained.

Extracting gas in the Black Sea is highly important for OMV as it would decrease its dependence on reserves in politically risky countries, such as Libya and Yemen. The company is also interested in natural gas transferring through Bulgaria and Romania, Bulgartransgaz has recently said. Both neighbouring countries are to connect their gas systems in Ruse and Giurgiu reports Am Cham Bulgaria.

(balkans.com)