Term for oil and gas search at the Bulgarian Black Sea shelf is extended

Bulgarian Government has extended the period for oil and gas exploration in the Black Sea Galata block up to 166 days.

Within this period Melrose Resources, the license owner, shall carry out exploration works within the range, approved by the Minister of economy and the working program on the energy. This is a mandatory condition for the aforementioned term extension.

Adapted from: Moreto.net 

English translation by BSNews