19 February 2026
19 February 2026
The deal covers roughly 61,000 net acres and approximately 260 operational wells along with associated support facilities.
Sundance II joins the company’s Martin County processing complex alongside the 200mcf/d Sundance I facility, which began operations in 2024.
The Australian company plans to reduce its workforce by around 10% as it integrates major growth projects into core operations.
Khan Tervel lies in Bulgaria’s Black Sea waters, close to TPAO’s Sakarya gas field.
Preliminary data shows a condensate-gas ratio of 5.6bbl/mscf and an initial reservoir pressure estimate of 2,896psi.
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