UK company begins extraction of gas off Bulgaria

SOFIA, Bulgaria
British company Melrose Resources has started commercial production of natural gas from two Black Sea fields off the cost of Bulgaria.
A company statement Thursday said the combined field reserves total 74 billion cubic feet while the production rate is expected at 45 million cubic feet per day. Most of the gas will be sold to the state-owned gas utility company, and the balance to a local industrial user.
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Source: Bloomberg