Bulgaria, Shell sign contract for Black Sea gas and oil exploration for 'cheap gas' | N18G

Shell signed a contract with Bulgaria's government on Tuesday (April 15) giving the oil and gas multinational major rights to explore for oil and gas in the Black Sea.
"With this contract, we are taking a significant step toward uncovering the deep Black Sea’s potential for future gas supplies," Bulgaria's Energy Minister Zhecho Stankov said.
The contract will allow Shell to explore 4,000 square metres in the Block 1-26 Khan Tervel field.

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