trending Market Intelligence /marketintelligence/en/news-insights/trending/uJyKJQmQvCMyOZKPrQqXLQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

OMV subsidiary to acquire 30% stake in deepwater Black Sea block

Case Study: A Utility Company Efficiently Sharpens Its Focus on the Credit Risk of New Customers

Energy Evolution Podcast

Energy Evolution Why solar energy could get even cheaper

Energy Evolution Podcast

US energy officials push innovation to meet evolving energy needs

Energy Evolution Podcast

Energy futurist sees major challenges for renewables in next 30 years

OMV subsidiary to acquire 30% stake in deepwater Black Sea block

OMV AG unit OMV Petrom SA signed a contract to acquire OMV Offshore Bulgaria GmbH's 30% interest in the deepwater offshore Han Asparuh exploration block in the western part of the Black Sea, according to a Dec. 17 filing with the London Stock Exchange.

The company is planning geological and geophysical studies on the block, operated by Total SA, to identify drilling targets.

"This acquisition is in line with our strategy to increase our regional presence and is a natural addition, taking into account our portfolio in the Black Sea," OMV Petrom executive board member Peter Zeilinger said in the release.

The deal is expected to close by mid-2020. Financial details were not disclosed.

The Han Asparuh block covers an area of 14,220 square kilometers and lies in water depths of over 2,000 meters.