Tag: Adriatic Sea

First oil well in the Adriatic by the end of 2019 – Montenegro, 05 October 2018

Director of the Montenegrin Hydrocarbon Agency Vladan Dubljevic said that the first ship for seismic hydrocarbon exploration will sail into Montenegrin waters on 1 November this year and the first well in the Adriatic Sea should be drilled by the end of 2019. Dubljevic said in an interview that c Full article available for subscribers […]

Government plans new hydrocarbon tender in autumn – Montenegro, 23 May 2018

Montenegrin Ministry of Economy is planning to publish another tender for awarding a concession for the exploration of oil and gas in the Adriatic Sea in the autumn, in order to collect data, process and interpret it, thus increasing the level of knowledge about the potential commercial hydrocarbon deposits. Montenegrin state will be the owner […]

Novatek to invest 40 million euros in geological surveys – Montenegro, 1 February 2018

Deputy Chairman of Russian oil and gas company Novatek, Mark Gyetvay said at the sidelines of the European Gas Conference in Vienna that the company will invest about 40 million euros in geological surveys in Montenegro. In September 2016, companies Eni and Novatek concluded concession contracts for hydrocarbons production in offshore blocks 4118-4, 4118-5, 4118-9 […]