Southeastern Europe’s integrated energy player OMV Petrom and NewMed Energy Balkan, a subsidiary of Israel’s NewMed Energy, have reached a decision to drill an exploration well in a block in the Bulgarian sector of the Black Sea.

NewMed Black Sea Han Asparuh Neptun Deep Petrom Vinekh Southeastern Europe Energy Balkan Exclusive Economic Zone Government of Bulgaria Finance Located Transocean Barents Israel Bulgarian Block