Montenegro: Hydrocarbon exploration delayed

, SEE Energy News

Due to travel bans many subcontractors which are a part of necessary activities related to the planned exploratory drillings in the Adriatic Sea are currently unable to reach Montenegro, according to Montenegrin Hydrocarbon Agency. The statement from the Agency said that although a number of hydrocarbon exploration activities are ongoing at the time, there are no guarantees that these activities could continue uninterrupted in the future and there could be some delays in planned activities for this summer.

In mid-May 2014, three consortia submitted bids in the tender for awarding the hydrocarbon exploration and production concessions in the Adriatic Sea. Tender referred to 13 concession blocks with overall area of 3,000 km2. The bids were submitted by the consortium of Marathon Oil Corporation (USA) and OMV (Austria), consortium of Eni (Italy) and Novatek (Russia) and consortium of Energean Oil & Gas (Greece) and Mediterranean Oil and Gas (England). In early February 2016, the concession contract for oil and gas exploration in the Adriatic Sea has been signed with Italian-Russian consortium consisting of companies Eni and Novatek, which includes two exploration periods that last four plus three years, while the contract with Energean for two offshore blocks, 4219-26 and 4218-30, was signed in March 2017.

In accordance with the obligations of the work program of the concession agreement for the exploration and production of hydrocarbons, the concessionaires – Italian Eni and Russian Novatek, performed 3D geophysical research at the end of 2018. The collected data were processed during 2019 and on the basis of them the locations at which the first exploratory drilling will be carried out were defined. Geomechanical testing of the soil at these micro-localities was completed earlier this year in order to determine the geomechanical properties of the seabed on which the drilling plant will be installed. According to approved timetable, first exploratory drillings should start in the summer of 2020.

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