Montenegro opens first offshore licensing round

Offshore staff

PODGORICA, Montenegro – The Ministry of Economy of Montenegro has invited bids for the country’s first offshore licensing round.

The First Tender of Award of the Hydrocarbons Production Concession Contract in Montenegro offshore covers 13 blocks over an unexplored area of 3,191 sq km (1,232 sq mi). Applications must be received by Feb. 28, 2014.

Companies that visited the associated oil and gas data room since 2011 include Anadarko, Eni, ExxonMobil, Hess, Marathon, Statoil, Total, Wintershall, and Woodside Energy.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...