Montenegro: Tender for oil exploration in Montenegro’s seabed will be completed in May

8. April 2014. / SEE Energy News

In the waters of Montenegro, near the archaeological treasure and the ancient ship wrecks, which are visited mostly by unknown “researchers “, smells – oil. And who will find black gold and exploit it, and under what conditions, it will be known in the evening of this year’s tourist season.

Vladan Dubljevic, director general of Directorate for mining and geological researches in the Ministry of Economy of the Government of Montenegro, said that the international tender in which will be elected a strategic partner for the ” century’ work ” will end in May. So, almost a year after it was announced.

– So far a large number of reputable oil companies has expressed interest, and the choice will be easier – highlights Dubljevic.

Tender for oil and gas exploration in the waters of the southern Adriatic was released last year, in August and it was supposed to last until February. However, the government had extended it in December for another three months.

The list of reputable companies that are interested in a partnership are “Noble energy “, “Exxon Mobil “, “Anadarko Petroleum Corporation ” from the United States , ” Eni ” from Italy , Greek , Australian , German , Spanish, Norwegian , Irish , Portuguese , Serbian and Croatian firms .

Investigating the South Adriatic region is divided into 13units. It is a quite large area, which covers the area of about 3.000 square kilometers. Since oil “smells” also around the peninsula Prevlaka, where the border between Montenegro and Croatia is not defined either on land or in the sea, from Europe arrive appeals to resolve this issue as soon as possible, to avoid any dispute about the oil and gas. Croats are also interested in the research of oil fields in this area.

There was a search for oil in the waters of the southern Adriatic in the seventies and early eighties of the last century. “Jugopetrol” from Kotor and U.S. companies were drilling in more places. Oil was found in the well, which was designated as “South Adriatic 3”, but, unfortunately, there were not any commercial quantities. Then came a pause the decades long, and the oil and gas that blue depths hide are actual again.

Source; Serbia Energy See Desk

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