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REPUBLIC OF BULGARIA

REPUBLIC OF BULGARIA. Ministry of Environment and Water. Map of Bulgaria. LOCATION and AREA. Southeastern Europe, bordering the Black Sea, Turkey, Greece, Macedonia, Yugoslavia and Romania. Area :. Land: 110,912 sq km. Water : 33,000 sq km. Coastline : 354 km.

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REPUBLIC OF BULGARIA

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  1. REPUBLIC OF BULGARIA Ministry of Environment and Water

  2. Map of Bulgaria LOCATION and AREA Southeastern Europe, bordering the Black Sea, Turkey, Greece, Macedonia, Yugoslavia and Romania Area : • Land: 110,912 sq km • Water : 33,000 sq km • Coastline : 354 km

  3. Bulgaria today - Population POPULATION, LANGUAGE and RELIGION Population: 7.707 millions (July 2001 est.) Official language: Bulgarian • Religious affiliation: • Orthodox – 36.5% • Muslim – 13.1% • Protestant – 1.4% • Roman Catholic – 0.8% • Other (mostly nonreligious) – 47.8%

  4. Bulgaria Today – Economy ECONOMY • Stabilized Economy • GNP (US$ billion): – 9.92 (1996) –13,76 (2000) –34.9 (2002) Promoted growth by implementing a currency board Invigorating privatizationand pursuing structural reforms Additionally, strong assistance from international financial institutions

  5. MINERAL RESOURCESINSTITUTIONAL PREVIEW • MINISTRY OF ENVIRONMENT AND WATER • Environment – nature, soil, water, air, waste … • Geology • Subsurface • Underground Resources • NATIONAL GEOFUND • Geological Investigations • Oil & Gas Exploration & Production • National Geological Information Archive

  6. Ministry of Environment and Water MINISTRY of ENVIRONMENT and WATER Subsurface and Underground Resources Office Permits for Prospecting and/or Exploration of Oil and Gas Provide Information about Areas for Prospecting and/or Exploration of Oil and Gas According to the Underground Resources Act(Since 1999)

  7. NATIONAL GEOFUNDMORE THAN 10 000 REPORTS GEOLOGICAL MAPPING GEOPHYSICAL INVESTIGATIONS GEOCHEMICAL INVESTIGATIONS HYDROGEOLOGY EXPLORATION OF MINERAL DEPOSITS …..

  8. NATIONAL GEOFUND ACTIVITIES • RESEARCH for METALLIC MINERAL RESOURCES RESEARCH for NON-METALLIC MINERAL RESOURCES RESEARCH for OIL and GAS REGIONAL RESEARCH and MAPPING HYDROGEOLOGICAL and ENGINEERING GEOLOGY RESEARCH GEOPHYSICAL EXPLORATION TECHNOLOGICAL RESEARCH NATIONAL BALANCE of RESERVE and RESOURCES

  9. NATIONAL GEOFUND

  10. Historical Notes – Exploration and Production Historical Notes -Exploration and Production The year 1936 could be regarded as the beginning of the exploration works for oil and gas in Bulgaria During the period after 1947 and up to this day the most significant geological-geophysical and drilling onshore operations were carried out, which lead to the discovery of 9 commercial oil and gas fields Since 1976 production has increased to a maximum of 2.4 Mbbl of oil and 6.7 BCF of gas in 1980

  11. The names of economic oil and gas fields

  12. Historical Notes – Foreign Investment Historical Notes –Foreign Investment Late in 1989 Bulgaria opened an international bidding round for the award of oil & gas exploration&production licenses on blocks both off-shore and on-shore 8 Licenses and Joint Operation Agreements were signed for 6 blocks in Bulgarian Black Sea shelf and 2 blocks onshore with several companies: • TEXACO • MAXUS • GANDALF EXPLORERS INTERNATIONAL • BRITISH GAS • ENERGY CORPORATION • OMV • ENTERPRISE OIL EXPLORATION • EDISON GAS

  13. Foreign Investment - Now A-Lovech – Anschutz Bulgaria and Ramco Bulgaria B-Golitza – Balkan Explorers (Bulgaria) 91-III Galata – Petreco SARL and Petreco Bulgaria Kaliakra-99 – Petreco SARL Rezovska – GX Technology EAME and RS Group Dobrudja Coal Basin – CBM Energy Vratza-West – Anschutz Bulgaria Emine – GX Technology EAME Burgas-Deep Sea – Vintage Petroleum International Varna-Deep Sea – OMV Aktiengesellschaft 1-1 Pleven – EPOG-Pleven 1-2 Novachene – EPOG-Pleven

  14. Map-blocks 2003

  15. Bulgarian offshore

  16. Fieldwork Fieldwork

  17. Licensing

  18. The End Thank you very much!

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