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Offshore Oil and Gas Industry in Bulgaria 2011

Wednesday, Nov 02, 2011

Research and Markets( has announced the addition of the "Offshore Oil and Gas Industry in Bulgaria" report to their offering.

“Offshore Oil and Gas Industry in Bulgaria”

Bulgaria is a net importer of oil and does not have any significant quantities of oil production. However, the strategic location of Bulgaria on the Black Sea has made it as a transit point for Caspian Sea oil exports that are heading towards European refineries. Bulgaria is also a transit route for gas exports from Russia to Turkey. While oil is imported through Bulgaria's Burgas port, the oil and gas exploration in the country occurs majorly in the northern part and the Black Sea. From the Burgas port, both the oil terminal and refinery are further connected to many cities in Bulgaria through pipelines.

In 2005, Bulgaria offered the offshore Shabla block in the northern Black Sea shelf for exploration under a three year agreement. The potential reserves of the Shabla block are likely to be 200 million barrels. There is also much interest in the exploration of Pleven on the Romanian-Bulgarian border.

The report covers the following:

A profile of the oil and gas industry in Europe, which helps to place the growth of the Bulgarian oil and gas industry in respective of other countries in Europe. The section contains an industry definition, market profile, market value and volume analysis and industry segmentation.

An analysis of the offshore oil and gas industry in Bulgaria, in which Taiyou analyze the offshore oil and gas production, offshore oil and gas cumulative production, offshore remaining production of oil and gas, the oil and gas production wells in Bulgaria, offshore drilling of wells, offshore oil and gas expenditure in Bulgaria, and the market share of the major players in the country.

Taiyou Research analyze several players that are active in the Bulgarian offshore oil and gas industry, including Lukoil, BP Plc, Chevron, Exxon Mobil, and the market leader Melrose Resources Plc.

Source: Business Wire

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