Petroleum geology

Exploration Manager Europe and Caspian at ExxonMobil, Stacey Weltmer has stated that the company is very much interested in winning a tender for oil and shale gas exploration mission in Bulgaria.

Companies that have received licenses to explore for oil and gas in the Croatian Adriatic will have to wait months before signing their contracts and starting exploration activities.

France's Total is close to extending an offshore natural gas exploration program in Greek Cyprus after coming up empty in prior surveys, the energy minister said on late March 9.

Greece's sole oil producer, Energean Oil & Gas, has bid for oil exploration licenses in two onshore blocks in the west of Greece, the company said on Friday.

Shell and Turkish Petroleum have begun drilling activities in the Black Sea this month, one year earlier than originally planned, representatives from the companies said Jan. 6 at a press conference to launch the activities.

Energy Minister Taner Y?ld?z said he was optimistic for the drilling, as the site is very close to where Romania has made new discoveries.

Valentin Nikolov, Deputy Chair of the parliamentary energy committee, has recommended signing concession contracts for exploration blocks Silistar and Teres.

In a Thursday interview for Focus radio, he underscored that exploration activities at these blocks could make Bulgaria an independent country as regards energy supplies.

US energy firm Apache on Monday announced an oil discovery off northwestern Australia which it said could potentially represent a new oil province for the country.
      
The find at the Phoenix South-1 well is the first for Apache Energy in the Canning Basin, some 180 kilometres (112 miles) north of the Western Australian town of Port Hedland.
      

OMV Petrom, the largest oil and gas producer in South-Eastern Europe announces the success of an exploration well drilled in the Black Sea's shallow waters, where tests point to a 1,500-2,000 barrels of oil equivalent (BOE)/day production potential, according to a company release remitted to AGERPRES on Wednesday.

By Chryssa Liaggou

In cooperation with the Greek Embassy in London and the ESCP Europe Business School’s Research Center for Energy Management (RCEM), the government in Athens is preparing a major showcase event in the British capital next week to present the blocks to be conceded for hydrocarbon exploration in the Ionian Sea and south of Crete.

The Bulgarian branch of French petrol company Total announced a public tender for exploration drilling in the Khan Asparuh gas field off the Bulgarian Black Sea coast. 

The expected price of the drilling is around BGN 100 M, reports Capital daily. 

The estimated gas deposits in the Khan Asparuh field are between 42 and 84 B cubic meters of gas.