OMV Petrom Joins Shell and TPAO in an Offshore Exploration Project in Bulgaria

OMV joins Shell, TPAO in Black Sea exploration block

OMV Petrom agreed to join an offshore exploration project in the Bulgarian sector of the Black Sea alongside Shell and Türkiye Petrolleri (TPAO). Under a farm-in agreement, OMV will acquire a 25% stake in the Han Tervel block, joining Shell as operator with a 42% interest and a TPAO subsidiary with 33%, subject to regulatory … The post OMV joins Shell, TPAO in Black Sea exploration block appeared first on Drilling Contractor.

OMV Petrom joins Shell and TPAO in an offshore exploration project in Bulgaria

OMV Petrom announces its entry into the exploration consortium for the Han Tervel offshore block in the Bulgarian Black Sea. OMV Petrom will hold a 25% stake in the project, joining operator Shell (42%) and Türkiye Petrolleri A.O. (TPAO) subsidiary Turkish Petroleum Overseas Company Limited (TPOC) (33%) – subject to regulatory approval. The farm-in agreement was signed, with the completion of the transaction pending customary approval from the B…