Romania\u2019s energy group OMV Petrom (BVB: SNP), the largest integrated energy producer in Southeast Europe, announced its entry into the exploration consortium for the Han Tervel offshore block in the Bulgarian Black Sea. \u00a0<\/p>\n
This is the second project the company enters in Bulgaria\u2019s offshore, after Han Asparuh, which it operates, besides its partners NewMed Energy and Bulgarian Energy Holding, and the third in the Black Sea, where it also operates Neptun Deep (Romania) together with Romgaz (BVB: SNG).<\/p>\n
OMV Petrom will hold a 25% stake in the Han Tervel project, joining operator Shell (42%) and T\u00fcrkiye Petrolleri (TPAO) subsidiary Turkish Petroleum Overseas Company Limited (TPOC) (33%) \u2013 subject to regulatory approval.\u00a0<\/p>\n
The farm-in agreement was signed, with the completion of the transaction pending customary approval from the Bulgarian government.\u00a0<\/p>\n
\u201cEntering a new exploration block in the Black Sea, alongside major international partners, strengthens our portfolio and reinforces our long-term strategic commitment to this promising region,\u201d said Christina Verchere, CEO of OMV Petrom.\u00a0<\/p>\n
The exploration license for Han Tervel was granted in 2025 for an initial five-year term. The Han Tervel block covers approximately 4,000 km2 and is located south of the Han Asparuh block. This move aligns with OMV Petrom\u2019s strategy to leverage its extensive offshore expertise across the region.<\/p>\n
\u201cWe have built solid exploration and development capabilities through the Neptun Deep project and our activities in the Han Asparuh block. We look forward to a successful collaboration with Shell and TPAO, leveraging our collective strengths to unlock new opportunities,\u201d added Cristian Hubati, member of the OMV Petrom Executive Board, responsible for Exploration and Production.<\/p>\n
iulian@romania-insider.com<\/em><\/p>\n (Photo source: Omvpetrom.com)<\/em><\/p>","protected":false},"excerpt":{"rendered":" Romania\u2019s energy group OMV Petrom (BVB: SNP), the largest integrated energy producer in Southeast Europe, announced its entry into the exploration consortium for the Han Tervel offshore block in the Bulgarian Black Sea. \u00a0 This is the second project the company enters in Bulgaria\u2019s offshore, after Han Asparuh, which it operates, besides its partners NewMed […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9267","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/9267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9267"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/9267\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}