Melrose Looks to Bulgaria

Melrose Resources announced that the company will be refocusing its attention on Bulgaria for future activities in its shallow waters. Melrose will no longer pursue deepwater projects.

David Thomas, Melrose chief executive, stated that the company plans to secure the Galata Exploration Block and to conduct a joint feasibility study concerning the conversion of the Galata field into a gas storage facility, reports Evening News - Scotland.

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