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Land-locked Macedonia has no history of production. Very few exploration wells were drilled in the 1960s and 1970s in the valley area but all were dry and abandoned. Globalshift does not forecast any future production of oil or gas from the country.
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Tectonically, Macedonia lies in a zone between the Dinarides and the Hellenides which are the southern branch of the Alps extending south along the East coast of the Adriatic and Ionian Seas.
Most of land-locked Macedonia is thus mountainous and has an uplifted, eroded and highly faulted sedimentary cover. Globalshift believes it is unlikely that any potential oil and gas resources could have survived its recent geological history.