drilling

Black Sea Oil & Gas and its co-venture partners announced Tuesday the awarding of a contract for the drilling of two offshore exploration wells located in the XV Midia Shallow Block, Romanian Black Sea continental shelf, to the local offshore drilling services provider GSP Offshore SRL.

Canadian company Sterling Resources stated Wednesday that the rights of exploitation at the Black Sea blocks XIII Pelican and XV Midia were stipulated in the initial contract signed back in 1992, and the former government has not given the company any additional rights.