CMS has advised Shell Exploration and Production 96 on winning the tender and concluding the prospecting and exploration agreement for Block 1-26 Han Tervel offshore Bulgaria.
According to CMS, the two-stage EU tender process, launched in July 2024, comprised a qualification round followed by a bidding round. In December 2024, Shell was awarded the permit and finalized the agreement with the Ministry of Energy in early 2025.
In 2019, CMS advised Shell and Repsol on a partial license transfer of Khan Kubrat Block (as reported by CEE Legal Matters on February 25, 2019).
The CMS team included Managing Partner Kostadin Sirleshtov and Senior Associate Denitsa Dudevska.
