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E & P News


No significant news in 2017.


No significant news in 2016.


Sep 2015: Shell is pulling out of oil exploration in Bosnia. In 2011 Shell signed an MOU with the Bosniak-Croat Federation to apply for a petroleum license in the Dinaridi area. It was extended in 2013 and 2014. The MOU expires in November 2015.


Aug 2014: The Bosniak-Croat Federation has issued a new tender seeking consultants to help with the process of awarding an oil and gas concession to Shell after it annulled the previous tender. The government has agreed to award a concession in the Dinaridi area to Shell, which will invest up to US$700 mm depending on the number of wells required.


Dec 2013: Bosnia's autonomous Bosniak-Croat Federation will start talks in 2014 with Shell on a concession in the Dinaridi area for oil exploration. The investment will reportedly range between US$300 mm and US$700 mm depending on the number of drilling sites.

Jun 2013: Jadran Naftagas has begun drilling a well, Obudovac-2, in the Republika Srpska (Serb Republic) autonomous region of Bosnia and Herzegovina. It is the first well the company will drill under an agreement executed in 2011. Two wells have also been reactivated to produce a few bbls per day.

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