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OMV and Total Start Gas Drillings in Bulgaria´s Black Sea

Published: September 1, 2012; 16:52 · (Vindobona)

Bulgaria wants to reduce its dependence on Russian energy. Together with the French Total Group and the Spanish Repsol Group, Austrian OMV begins test gas drillings in the Bulgarian Black Sea.

OMV and Total Start Gas Drillings in Bulgaria´s Black Sea / Picture: © Flickr

The consortium, which is led by Total, plans investments of € 1.0bn in the next five years. In the proximity of the Romanian boarder in the Bulgarian Black Sea, the three energy groups will search natural gas.

According to the Bulgarian Prime Minister Boiko Borissow, the contract will help Bulgaria to diversify its energy supply portfolio. In other words, Bulgaria wants to…

This article includes a total of 121 words.

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