Bulgaria Oil & Gas Report Q2 2016 - New Market Report

From: Fast Market Research, Inc.
Published: Mon Feb 29 2016

Improvements in the refining sector have boosted refined fuels production , though 2016 will be tougher with margins expected to drop. The restart of exploration in the Black Sea is positive for Bulgaria's oil and gas sector, which has suffered from heavy production declines in 2015.

The main trends and developments in Bulgaria's oil and gas sector are:

Total will start drilling in the Black Sea Khan-Asparuh block between February and May 2016.

Petroceltic is due to complete the tieback of the Kavarna East field to the Galata platform in H116 supporting new gas output.

A third well (Kaliakra-3) is being planned at the Kaliakra field to maintain output, given heavy declines from Kaliakra-1.

Gas production in Bulgaria dropped to an estimated 82mn cubic metres in 2015, down from 181mn in 2014.

Full Report Details at
- http://www.fastmr.com/prod/1123410_bulgaria_oil_gas_report_q2.aspx?afid=301

Gasoline and diesel production increased over 20% in 2015 following the completion of Lukoil's new heavy residue complex.

Gasoline and diesel consumption increased around 3-4% over 2015, supported by low prices.

The Bulgaria Oil & Gas Report has been researched at source and features BMI Research's independent forecasts for Bulgaria including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Bulgaria Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Bulgarian oil and gas industry.

Key Benefits
Benchmark BMI's independent oil and gas industry forecasts for Bulgaria to test consensus views - a key input for successful budgeting and strategic business planning in the Bulgarian oil and gas market.
Target business opportunities and risks in the Bulgarian oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Bulgaria.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.


BMI Industry View

Summary of BMI’s key forecasts and industry analysis, covering oil and gas reserves, supply, demand and refining, plus analysis of landmark company developments and key changes in the regulatory environment.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the upstream and downstream sectors and within the broader political, economic and business environment.

BMI Industry Forecasts

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