Country Report

Bulgaria upstream summary

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09 November 2018

Bulgaria upstream summary

Report summary

Bulgaria is a mature hydrocarbon province - Oil production began in the mid-20th century and peaked at over 9,000 b/d in 1966. Gas production peaked in 2005, following development of the offshore Galata field. The majority of fields are now mature, with current output far below historical levels. However, start-up of the offshore Kavarna East field in 2019 will help reverse the recent decline in gas production.Production is dominated by two companies - Oil and Gas Exploration and Production ...

Table of contents

  • Executive summary
  • Key facts
  • Location maps
    • Onshore
    • Offshore
    • Introduction
    • Geological Evolution
    • Hydrocarbon Provinces
      • Moesian Platform
      • Fore-Balkans Zone and Southern Platform Margin
      • Black Sea
    • Licensing
      • Future licensing
      • Historical licensing
      • First Licensing Round (1989)
      • Second Licensing Round (1993)
      • Third Licensing Round (1997)
      • Ad-hoc awards
      • Deepwater Black Sea
      • Unconventional gas
    • Drilling
      • Drilling activity
    • Offshore exploration
      • Future activity
      • Historic activity
    • Onshore exploration
      • Future activity
      • Historic activity
    • Unconventional exploration
      • Success rates
  • Reserves and resources
    • Liquids
    • Gas
      • Future gas production
      • Historical gas production
    • Oil infrastructure
      • Pipelines
      • Refineries
    • Gas infrastructure
      • Import and transit pipelines
      • Interconnector pipelines
      • Projects of common interest
      • Bulgaria-Romania-Hungary-Austria (BRUA) (under construction)
      • Eastring (planned)
      • Storage
    • Capital costs
      • Capital expenditure by location
    • Operating costs
      • Operating expenditure by location
    • Key legislation
    • Regulatory body
    • State participation
      • Oil and Gas Exploration and Production (OGEP)
    • Licensing
    • Overview
      • Upstream
      • Mid/Downstream
    • Current fiscal terms
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty
      • Corporate Income Tax
      • Sample Cash Flow
    • Historical background

Tables and charts

This report includes 21 images and tables including:

  • Key facts: Table 1
  • Bulgaria country map
  • Reserves and resources: Table 1
  • Reserves and resources: Table 2
  • Remaining Commercial and Technical Reserves at 01/01/2018
  • Net Acreage 2018
  • Production: Table 1
  • Production: Table 2
  • Liquids production
  • Map of basins
  • Production: Table 3
  • Production: Table 4
  • Gas production
  • Oil & gas infrastructure map
  • Costs: Table 1
  • Costs: Table 2
  • Costs: Table 3
  • Costs: Table 4
  • Operating expenditure by region (US$ Million)
  • Fiscal terms: Table 1
  • Fiscal terms: Table 2

What's included

This report contains:

  • Document

    Country Overview

    PDF 16.81 MB

  • Document

    Country Overview

    XLS 257.50 KB

  • Document

    Country Overview

    ZIP 16.73 MB

  • Document

    Executive summary

    PDF 699.31 KB

  • Document

    Key facts

    PDF 684.66 KB

  • Document

    Location maps

    PDF 5.23 MB

  • Document

    Geology

    PDF 6.47 MB

  • Document

    Exploration

    PDF 733.35 KB

  • Document

    Reserves and resources

    PDF 711.77 KB

  • Document

    Production

    PDF 723.27 KB

  • Document

    Infrastructure

    PDF 6.33 MB

  • Document

    Costs

    PDF 717.63 KB

  • Document

    Policy and regulation

    PDF 713.87 KB

  • Document

    Fiscal terms

    PDF 734.46 KB

  • Document

    Key companies

    PDF 724.47 KB

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