The Government is preparing a tender for Block 1-22 Han Tervel in the Black Sea. The 4,032 sq km area lies in 1,900-2,100m WD, S of Total-operated 1-21 Han Asparuh, E of Shell's 1-14 Han Kubrat, and NW of the Turkish maritime boundary. It was previously offered as Block 1-22 Theres in 2013 and again in 2015 but received no bids, although six companies purchased bid documentation, and BP, Shell and Statoil were reported to have held informal discussions with the Government. Bulgaria is revising its Underground Natural Resources Act with a view to attracting increased foreign investment.
The Government is preparing a tender for Block 1-22 Han Tervel in the Black Sea. The 4,032 sq km area lies in 1,900-2,100m WD, S of Total-operated 1-21 Han Asparuh, E of Shell's 1-14 Han Kubrat, and NW of the Turkish maritime boundary.