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CMS Advises Petroceltic on Reviving Natural Gas Production in Bulgaria

CMS Advises Petroceltic on Reviving Natural Gas Production in Bulgaria

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CMS Sofia has advised the UK-based oil and gas company Petroceltic on remedying a force majeure event related to the offshore production of natural gas in Bulgaria.

The unspecified force majeure event took place in late October 2017 and led to legal challenges for Petroceltic, the main natural gas producer offshore in Bulgaria. The remedying process was completed in July 2018. 

The CMS team was led by Partner Kostadin Sirleshtov and included Associate Denitsa Dudevska, Junior Associate Elena Yotova-Yordanova, and Trainee Diyan Georgiev.

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