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Аналитика / Рубрики
Аналитика // Interview
IRN interviews Vladan Dubljevic, Deputy Minister for Mining and Geological Research, Ministry of Economy, Montenegro
05 августа 2014 г., 16:16IRN511
Could you give us an update on where the procedures are currently at regarding the offshore licensing round?
"The Government of Montenegro has received bids from 6 companies to the Public Invitation to apply for Hydrocarbons Production Concession Contract for the Offshore of Montenegro published by the Ministry of Economy on 7 August 2013, which was closed on 15 May 2014.
Three groups have applied to the First Offshore Bid Round: Group one includes Marathon Oil Netherlands One B.V. and OMV Montenegro Exploration GmBH;
Group two consist of Eni International B.V. and Novatek Overseas Exploration & Production GmBH; and Group 3 includes Energean Oil&Gas and Mediterranean Oil&Gas Plc.
13 blocks offshore Montenegro were offered under this First Offshore Bid Round with a total of 3,100 sqm.
The Committee for opening, verification, assessment and evaluation of the bids submitted to the First Montenegro Offshore Bid Round, formed by the Ministry of Economy of Montenegro, is in the process determining whether the companies have met the minimum requirements prescribed by the Public invitation to apply for Hydrocarbons Production Concession Contract in Montenegro's Offshore.
According to the plan, the Government of Montenegro will send the proposal of the Concession Contracts for Hydrocarbons Production in Montenegro's Offshore to the Parliament, which are going to be adopted by the end of the year."
There has been a very important participation from IOCs in the licensing round. What is it that attracts these major IOCs to Montenegro?
"The objective of Montenegro is to create predictable environment in this sector, thus, in addition to adopting the sector specific law, the Government of Montenegro has also adopted the Hydrocarbon Upstream Industry Fiscal Policy, with the other supporting regulations adopted, and the Parliament of Montenegro has recently adopted the Law on Taxation of Hydrocarbons.
Montenegro attracts major IOCs for a number of reasons:
What should Balkans Oil & Gas Summit attendees expect to find out from you at the event?
For more information on the 3rd edition of the summit reply with 'more info Balkans' in the subject line.