Energean Eyes Seismic Shoot Offshore Montenegro in 2018

Energean Oil & Gas and the State of Montenegro have signed an exploration and production concession contract covering offshore blocks 4219-26 and 4218-30 in the Adriatic Sea.

The contract was signed by Dragica Sekulic, Montenegro’s minister of Economy, and Mathios Rigas, chairman and CEO of Energean, in Podgorica, following approval from the Parliament of Montenegro.

Total investment over an exploration period of seven years will be USD 19 million, including the funding of a new 3D seismic survey, geophysical and geological studies, and the drilling of one well.

Energean plans to begin the 3D seismic acquisition during the first quarter of 2018.

Energean Group chairman & CEO, Mathios Rigas, said: “I am delighted to sign this concession contract, which marks a significant day for Energean and our continued growth, as we enter the highly promising Adriatic region.”

Share this article

Follow Subsea World News

Events>

<< Apr 2020 >>
MTWTFSS
30 31 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 1 2 3

9th Annual Submarine Power Cable and Interconnection Forum

This year’s Advance Submarine Power Cable and Interconnection conference will focus on the cutting edge thinking that is emerging across…

read more >

The 24th Annual PNEC Conference & Exhibition

The 24th annual PNEC Conference and Exhibition  will bring together the industry thought leaders and technology providers that enable the management…

read more >

OWI APAC 2020

Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

read more >

M&CCE Expo Marine & Coastal Civil Engineering 2020

This conferences, events, demos, and competitions provide a productive background buzz throughout M&CCE…

read more >