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E & P News


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,  extended in 2013 and 2014. The MOU expires in November and will not be extended.


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 $300 mm and $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); 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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