Area Drilling

BulgariaRamco Energy plc, Aberdeen, spudded Tangra-1 in early August on the Shabla Block 91-1 in 45 m of water in the Black Sea under a turnkey contract using the Tavrida jackup owned by Chernomorneftegaz of Ukraine.Ramco anticipates 4-5 weeks until results. It holds 65% and the Bulgarian Ministry of Environment and Waters 35% of a production sharing contract on the block, which has 620 sq km in less than 100 m of water south of the Romanian border.Ramco in November 1998 acquired MMS Petroleum plc, which identified the Tangra prospect from 850 km of seismic data (see map, OGJ, Mar. 2, 1998, p. 110).The well lies offshore from Tulenovo oil field, producing since the 1950s and one of Bulgar...

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