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 Map of Bulgaria

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% Bulgaria today - Population

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

MINERAL RESOURCES INSTITUTIONAL 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

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) Ministry of Environment and Water

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

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

NATIONAL GEOFUND

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 Historical Notes -Exploration and Production

The names of economic oil and gas fields

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 Historical Notes –Foreign Investment

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

Map-blocks 2003

Bulgarian offshore

Fieldwork Fieldwork

Licensing

The End Thank you very much!