Key highlights
- Drilling at Krum‑1 commenced in February and reached the planned depth of ~3,500 m.
- Krum‑1 did not encounter significant gas volumes.
- Two exploration wells drilled since December 2025 will inform geological understanding of the deep Black Sea basin.
- OMV Petrom signed a farm-in for the Han Tervel block with Shell and TPAO.
Drilling update
OMV Petrom completed drilling at the Krum‑1 exploration well, the second well in the Han Asparuh Block offshore Bulgaria; operations began in February after the Vinekh well and reached the planned depth of ~3,500 m.
Results
Krum‑1 did not encounter significant gas volumes.
Exploration implications
Data from the two exploration wells drilled since December 2025 will advance geological understanding of the deep Black Sea basin; exploration remains at an early stage, so each well contributes insights into subsurface characteristics and future potential.
