Kambourov & Partners has assisted Petroceltic International PLC with its sale of Petroceltic Bulgaria EOOD, the company's Bulgarian subsidiary, to an unidentified third party.
Petroceltic International PLC has a 100% operating interest in three operating gas fields and one field under development in the Galata Exploration Block, located in shallow water in the Bulgarian sector of the Black Sea, which, according to Kambourov & Partners, are the biggest offshore gas reserves in Bulgaria.
Petroceltic is a publicly-listed oil and gas exploration and production company headquartered in Dublin, with assets in Algeria, Bulgaria, Egypt, and Italy. Petroceltic’s shares are listed on the Alternative Investment Market of the London Stock Exchange and on the Irish Enterprise Exchange of the Irish Stock Exchange.
The Kambourov & Partners team was led by Senior Associate Ivo Alexandrov.
Kambourov & Partners did not reply to our inquiries about the deal.