Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
NEWS BY SECTOR
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

US Company Lands Permit for Shale Gas Prospecting in Bulgaria
US COMPANY LANDS PERMIT FOR SHALE GAS PROSPECTING IN BULGARIA
Date: 08/10/2010
Source: novinite.com
US Company Lands Permit for Shale Gas Prospecting in Bulgaria

The Bulgarian government has formally approved a 5-year concession for oil and gas prospecting in a 400 sq.km. area in northeast Bulgaria for North American company Park Place Energy Corp.

Park Place Energy Corp. is registered in the US state of Nevada and based in Calgary and Vancouver, Canada. The area it won to study is said to be very promising.

The company specializes in the extraction of shale gas, a novel and still largely unexplored procedure to capture gas trapped in earth layers. It has projects in both Canada and the USA.

Over the summer strong interest has been voiced by US energy giant Chevron over prospecting for shale gas in northeastern Bulgaria, which was supported by US ambassador James Warlick.

The area granted to Park Place is called "Block 1-11 Vranino" and situated between the towns of Shabla and General Toshevo in Dobrich region.

The procedure was launched July 2009 by Bulgaria's previous government.

This is the second company that gets a permit for shale gas prospecting in Bulgaria. The first permit was issued to US company Direct Petroleum, which claimed to have made significant discoveries in September.



Topic: Business



Featured District
RAZGRAD DISTRICT AND CITY INFORMATIONRazgrad
Invest Bulgaria Charts
Exports of Goods and Services of Bulgaria
Exports of Goods and Services of Bulgaria

FDI as Percent of GDP in Bulgaria
FDI as Percent of GDP in Bulgaria

See all charts
Did You Know?
Bulgarian roses
Bulgarian roses
The Bulgarian roses, used to make some of the finest perfumes in the world, can not be found ... More

Stara Zagora Region is rich in  thermal mineral springs with a large number of spas and health centers to facilitate the use of the healing waters. The rich soils of the Region make it ideal for productive agriculture and food processing.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2019 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.


SEO оптимизация Bulgaria Translation Bulgarian Agriculture Bulgarian Textile BestFlowers.bg Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.


Our Featured Members