Woodside Petroleum

Silistar Oil and Gas Prospecting First Attempt Failed

The first attempt at oil and gas prospecting off Silistar in the Black Sea has failed.

At the end of March "Shell International Exploration and Development Italia", in which Shell has a 50 percent share, the Australian Woodside Energy - 30 percent, and the Spanish Repsol - the remaining shares, conducted three months of prospecting in Block Khan Kubrat.

Bulgaria Endorses Transfer of 30% Interest in Offshore Block from Shell to Woodside Energy

Bulgaria's government said that it has approved the transfer of 30% of the exploration rights on offshore Block 1-14 Khan Kubrat to the local branch of Australia's Woodside Energy from the current sole holder, Shell International Exploration and Development Italia, reports SeeNews. 

Australian Oil and Gas Enters Bulgaria, Buys Offshore Block Stake from Shell

Woodside said on Wednesday that it had entered the farm-in agreement with Shell to buy a 30% non-operated participating interest in Block 1-14 Khan Kubrat

The block is located within the continental shelf and exclusive economic zone of the Republic of Bulgaria in the Black Sea.