Serbia's NIS to invest EUR 6.6mn in oil and gas exploration in Bosnia this year.

By bne IntelliNews April 19, 2012
Serbian oil firm NIS will invest EUR 6.59mn by end-2012 in oil and gas exploration works in Bosnia's Serb Republic, news service Capital.ba reported, quoting information from the company. NIS' Bosnian firm, Jadran-Naftagas started in November 2011 regional 2D seismic exploration in the northern Novi Grad-Doboj area and 490-km of detailed 2D seismic reflection surveys in the north-eastern area of Semberija, the report said. According to NIS, the regional and detailed studies should be completed this month in Semberija and after that detailed 2D exploration will start in the northern region of Posavina. Once the data received from Semberija and Posavina are processed and interpreted, the company will define the location of its first exploration well in the Serb Republic. Russia's NeftegazInCor is NIS' joint venture partner in the Bosnian company. In October 2011, NIS said some USD 41mn million will be invested in prospecting for oil and gas in the Republic until 2014. The Republic has awarded Jadran-Naftagas a concession for hydrocarbons exploration and exploitation.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

EUs Sannino invites Bosnian leaders for conciliatory talks on March 22.

The European Commissions director general for enlargement Stefano Sannino has invited the leaders of Bosnias seven main political parties for consultations in Brussels on March 22 in an attempt ... more

Bosnias Serb Republic PPI, CPI inflation eases in Feb 2013.

Growth of consumer prices in Bosnias Serb Republic eased to 0.9% y/y in February from 1.5% y/y in January, as the annual decline of clothing and footwear prices widened, the entitys statistics ... more

Bosnias Federation fails to sell 67% of engineering company Hidrogradnja.

Bosnias Federation has failed to sell its 67% stake in engineering company Hidrogradnja due to lack of investor interest, the entitys privatisation agency said in a statement. The remaining 33% ... more

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    6 days ago
  2. Saudi Arabia to scale back plans for Neom city
    9 days ago
  3. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    6 days ago
  4. PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
    7 days ago
  5. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    20 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    24 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    29 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    22 days ago

Reports

Dismiss