TransAtlantic Petroleum Wins Natural Gas Permit in Bulgaria
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TransAtlantic Petroleum Ltd. through its unit Direct Petroleum Bulgaria EEOD won a 35-year permit to drill and develop natural gas production in Bulgaria.
The permit covers an area of 2.3 square kilometers between the northwestern cities of Pleven and Vratsa, the government said in an e-mailed statement today. Direct Petroleum found a natural gas deposit estimated at 6.6 billion cubic meters in 2009 near the village of Deventsi, near Pleven.