Bulgaria invites ExxonMobil to bid for Black Sea exploration licences

Bulgarian Parliament’s energy committee chairperson Delyan Dobrev met with officials from ExxonMobil to invite the company to bid on the two Black Sea offshore exploration licences made available by the Cabinet, according to a statement by Bulgaria’s ruling party GERB on May 5.

Dobrev, who is a former economy and energy minister and one of GERB’s lead spokespeople on energy policy, met with Stacey Weltmer, ExxonMobil exploration manager for Europe and the Caspian region, during his visit to Houston, Texas, for the Offshore Technology Conference oil industry event.

The statement quoted Weltmer as saying that ExxonMobil is taking the prospect of bidding in the tenders seriously and was in the process of studying the tender documents.

Bulgaria’s government opened new tenders to award five-year exploration licences for the Teres 1-22 and Silistar 1-14 offshore blocks on the Bulgarian Black Sea shelf last month, with bids expected in late September.

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(Photo: veetec/sxc.hu)