Kavarna Iztok is a producing conventional gas field located in shallow water in Bulgaria and is operated by Petroceltic Bulgaria. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Galata and Kavarna East, with water depth of 909 feet. Buy the profile here.
Field participation details
The field is owned by Petroceltic Bulgaria.
Production from Kavarna Iztok
The Kavarna Iztok conventional gas field recovered 68.95% of its total recoverable reserves, with peak production in 2019. The peak production was approximately 7.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2034. The field currently accounts for approximately 21% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 0.53 Mmboe, comprised of 3.16 bcf of natural gas reserves.
For more details on the Kavarna Iztok Conventional Gas Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
