Oil and Gas Exploration and Production Plc
BBSEBG:NGAZ2.00
EUR
+0.10
(+5.26%)
Oil and Gas Exploration and Production Plc
BSEBG:NGAZ
(Bulgarian Stock Exchange)
Recent
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2.00
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ROIC.AI
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- Business
- Oil and Gas Exploration and Production Plc is an integrated upstream energy company engaged in the exploration, development, extraction, processing, and commercialization of crude oil and natural gas. Founded in 1960 and headquartered in Sofia, Bulgaria, the company operates as a key energy subsidiary of Chimimport AD and stands as the principal domestic producer of hydrocarbons in Bulgaria. The company's comprehensive product and service portfolio encompasses the extraction and wholesale of crude oil; the production, purification, and distribution of natural gas; the manufacture and supply of liquefied petroleum gas (LPG), natural gasoline, and gas condensate; the extraction, treatment, and commercial distribution of mineral and geothermal waters; onshore and offshore exploratory and development drilling services; geological, geochemical, and 2D/3D seismic surveying; well logging, testing, workover, and maintenance operations; natural gas compression, pipeline transit, and storage infrastructure management; and specialized laboratory testing of core samples, petroleum products, and reservoir fluids. Geographically, the company focuses its operational activities within the onshore hydrocarbon basins of Northern Bulgaria, including the Moesian Platform and the Danubian Plain, alongside offshore exploratory concessions along the Bulgarian Black Sea continental shelf, serving domestic industrial manufacturers, energy utilities, and regional fuel distributors. In recent strategic and operational developments, Oil and Gas Exploration and Production Plc has secured regulatory extensions and renewals for its core production concessions across Northern Bulgaria; implemented enhanced oil recovery and well stimulation programs to optimize output from mature fields; upgraded its natural gas dehydration and compression facilities to improve processing efficiency and reduce emissions; expanded its direct supply framework agreements with major industrial consumers; and initiated technical feasibility assessments to evaluate the repurposing of depleted deep wells for geothermal energy production.