Energean awarded two blocks offshore Montenegro

Energean Oil & Gas, an exploration and production company based in Greece, has reached an agreement for two blocks offshore Montenegro. 

The company reached the agreement with the Ministry of Economy of Montenegro for hydrocarbons exploration and production in offshore blocks 4219-26 and 4218-30. The proposed concession contract, joint operating agreement and accounting agreement are subject to the approval of the Parliament of Montenegro.

According to Energean, the western offshore Adriatic has been a prolific hydrocarbon producing province for over 50 years for both oil (Italy) and biogenic gas (Italy and Croatia). By contrast, the eastern Adriatic remains substantially underexplored, despite having what appears to be all the necessary hydrocarbon generating components in place, Energean said.

“Energean believes Montenegro may sit in the “sweet spot” of this untapped, under explored potential in the eastern Adriatic,” the company added.

The company also stated that it is familiar with the geology of the wider area, as it has been exploring two blocks, onshore Ioannina and offshore Katakolo, both in Western Greece.

Share this article

Follow Offshore Energy Today

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

OWI WA 2019

West Africa’s only dedicated Offshore Well Intervention Conference is returning for its second year…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply