Tag: Adriatic Sea

Montenegro to launch another hydrocarbons exploration tender in 2018 – Montenegro, 8 January 2018

According to local media, the Montenegrin Government plans to launch another tender for oil and gas exploration and exploitation in the Adriatic Sea in 2018. Minister of Economy Dragica Sekulic said that the Government plans to attract multiple companies to Montenegrin offshore exploration areas, but that the process should be carried out in cycles. She […]

Energean announced first results of explorations in the Adriatic – Montenegro, 19 October 2017

Greek Energean Oil & Gas announced the first Competent Persons Report (CPR) for its assets in the Montenegrin part of the Adriatic Sea, detailing the recoverable gas and oil resource estimates in respect to the company’s 100 % interest in blocks 4218-30 and 4219-26. The report was done by Sewell & Associates. According to the […]

Richest hydrocarbons deposits located in southern Croatia – Croatia, 2 June 2017

Geologist Stanko Kadija, who was involved in geological research of the Adriatic and Dinarides in the southern part of Croatia, said in an interview that oil and gas deposits have been identified in these areas, but in small quantities which makes their exploitation unfeasible. Kadija explained that in southern Adriatic there are possibly three to […]