KEYFACT Energy
NewMed Energy today provides an update on drilling of an exploration well in the Vinekh prospect located in Block 1-21 Han Asparuh, within the exclusive economic waters of the Republic of Bulgaria in the Black
The Well reached its final depth of approximately 3,230 meters. In the target formations, non-significant natural gas shows were encountered. Accordingly, in the Partnership’s assessment, the well constitutes a dry hole.
The operator, OMV Offshore Bulgaria, is continuing to conduct well-site analyses.
An additional exploration well in the Krum prospect will target different geological units from those of the Vinekh prospect and is expected to spud as planned in the coming weeks, with an estimated drilling duration of approximately two months.
KeyFacts Energy: NewMed Bulgaria country profile l OMV Petrom Bulgaria country profile