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flag OMV Petrom joins Shell and TPAO to explore Bulgaria’s Han Tervel block in the Black Sea, securing a 25% stake.

flag OMV Petrom, Romania’s largest oil and gas company, has joined a consortium with Shell and Turkey’s TPAO to explore the Han Tervel block in the Bulgarian Black Sea, securing a 25% stake pending approval. flag The project, covering about 4,000 km², was granted a five-year exploration license in 2025. flag OMV Petrom will contribute financially and operationally, focusing on 3D seismic data analysis to assess drilling potential. flag The move builds on its experience in the Black Sea, including the Neptun Deep project, and strengthens its strategic presence in Bulgaria’s offshore energy sector.

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