Bojanic and Perunovic: Drilling to show oil in Montenegrin seabed begins on March 25th

“We believe that serious projects can be developed while preserving the environment and respecting all world environmental standards.”

Bojanic, Photo: Printscreen

The Italian-Russian consortium Eni-Novatek will start the first exploratory drilling on March 25, which should show whether there is oil in the Montenegrin submarine.

This was announced at a press conference by the Minister of Capital Investments Mladen Bojanic and the State Secretary of that department Marko Perunovic.

“We are optimistic about this business and we expect significant benefits, to diversify the economy and not be dependent on tourism and services. I want to emphasize that the Government is committed to the issue of environmental protection and we believe that serious projects can be developed while preserving the environment and respecting all world environmental standards, “said Bojanic.

The complete work regarding the oil well project in Montenegro was done by the Hydrocarbons Administration, headed by former director Vladan Dubljevic, who recently resigned from that position at his own request.

Perunovic said that the “Topaz Driller” drilling platform is expected to arrive in Montenegro in the late evening hours of March 13.

The “Topaz Driller” platform headed towards the Montenegrin waters on Sunday, March 7, in the evening.

“The first oil well will be at a depth of 6,525 meters, and the second gas well will be shorter. Additional inspections will be needed, and from now on everything is done according to procedures. We are optimistic and preliminary data that indicate drilling are good, “said Perunovic.