Shell Starts Drilling for Oil and Gas in the Sea near Burgas

Three month exploration drill for oil and gas in the deep waters of the Black Sea near Burgas begins on 1 April 2019. Shell International Exploration & Development Italy SPA, reported on Tuesday to journalists. The company 50% of which is of Shell, 30 per cent of Australian Woods Energy, and the rest of the Spanish Repsol, which is studying another sea block in our country, but in the northern part of our territorial waters.

The drill is not foreseen in the company's work program, which concluded a contract with the government in February 2016 to carry out the exploration activities at the Silistar block, later renamed Han Kubrat. The planned investment was 18.6 million euros, the state received a bonus of 4.9 million euros for the permit.

The current well was not foreseen in the work program, but after the three-dimensional surveys of the 6893 sq. Km sea surface at the end of 2017 and the beginning of 2018, it was decided to invest in current activities. "The cost of such a drilling is between $ 50 and $ 150 million, but the exact amount can not be said so far, as additional work may come up in the course of the activities," explained Jan Deknatel, Director of Research Activities at the Western Black Sea Coast in " Shell ". Expenditure on the drilling will be shared among the company's shareholders for the study, according to their share, he added.

Analysis of data - between months and years

Whether there is a field of oil and gas in the field will become clear only after analyzing the data of the drilling, and it takes several months and years, depending on whether the first well is made in the right place and what the samples are, explained Deknatel and Alexander Kayes, head of Shell's Bulgarian project.

"Even...