The fields, which contain combined reserves of 74bcf, are located in the Galata exploration concession in the Bulgarian sector of the Western Black Sea, and commissioning activities on the fields started earlier this month.
The fields were developed using single subsea wells tied back to the existing Galata field production platform, from where the gas is exported by pipeline to the company’s onshore gas plant near Varna for processing.
A similar development plan will be adopted for the recent 12bcf East Kavarna discovery, which will supplement the production from the two new fields and has the potential to extend the combined field production plateau period to around three years.
In parallel with the development activity, gas sales agreements for the fields have been concluded with the majority of the gas being sold to Bulgargaz, the Bulgarian state-owned gas utility, and the balance to a local industrial user.
