Bidding for blocks offshore Montenegro
Energean Oil & Gas and Mediterranean Oil & Gas (MOG) have jointly submitted a bid for the exploration and production of hydrocarbons in offshore areas 4118/05, 4218/30 and 4118/10 in Montenegro. Energean will act as the operator, with a 60% share, while MOG will hold the remaining 40% stake.
Energean currently holds four exploration and two development licences and is the only field operator in Greece. The company has produced over 115mn barrels of oil and 850mn cm of natural gas from the Prinos and South Kavala offshore fields. In addition, it recently signed two new contracts with the Greek state in order to explore and exploit hydrocarbon potential in the Ioannina onshore block and Katakolon offshore block in western Greece.
MOG owns and operates onshore and offshore assets in the central Mediterranean region, in Italy, Malta and France.
News Item details
Journal title: Petroleum Review
Countries: Europe - Mediterranean - Serbia & Montenegro -
Subjects: Exploration and production
