Bulgaria

By OGJ editors
HOUSTON, Sept. 2
– A unit of JKX Oil & Gas PLC has spudded Staro Oryahovo South R-1, the first of two wells that will test amplitude-supported gas prospects in Bulgaria.

The well will go to 1,800 m on the Golitza B1 license to test a submarine fan target of Eocene age in the Kamchia basin southwest of Varna. It will test a resource estimated at 20-30 bcf.

The rig will then move 5 km south to the Shkorpilovtci South West R2 location to test a turbidite channel complex, also of Eocene age. Planned TD is 800 m. Expected resource there is 20-30 bcf.

JKX Bulgaria Ltd. operates the license with 40% interest. Balkan Explorers (Bulgaria) Ltd. has 30% interest, and Sorgenia E&P Bulgaria has 30%.

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