Exploration for oil in the Montenegrin submarine: The plant that will perform the first exploratory drilling has arrived

“It is planned that drilling of the first exploration well, which is located 28 kilometers from the shore and is drilled at a depth of 6,525 meters, will take between 120 and 180 days…”

Plant

The plant that will perform the first exploratory drilling in the Montenegrin submarine, “Topaz Driller”, arrived at the location tonight around 7 pm after a five-day trip from Malta, where the final preparations for the upcoming drilling were made, the Hydrocarbons Administration announced.

Minister of Capital Investments Mladen Bojanic and State Secretary of that department Marko Perunovic announced at a press conference yesterday that 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.

“The crew has been in quarantine in Podgorica until today and their boarding on Topaz Driller has begun. This is followed by platform positioning and inspections by an independent audit firm, ADC, based in Aberdeen, UK, which has 30 years of experience in drilling platform inspections. At the same time, during the inspection, the equipment necessary for drilling, which is located in the Logistics Base in the Port of Bar, will be delivered to the platform “, it is emphasized in the announcement of the Hydrocarbons Administration.

They added that if the preparatory activities are realized according to the planned dynamics, the first exploratory drilling will start within the previously announced deadline, on March 25.

“It is planned that the drilling of the first exploration well, which is located 28 kilometers from the coast and is drilled at a depth of 6,525 meters, will last between 120 and 180 days, and that by the end of this year it will be known whether there are commercial sites at this location. hydrocarbons. The second exploration well, which is also part of the Work Program of the contract in question, will be slightly closer to the shore, at a distance of about 18 kilometers, and will be significantly shallower than 1,500 meters, ”said the Hydrocarbons Administration.

They also said that the first exploratory drilling is being realized in accordance with the Work Program of the Concession Agreement for Exploration and Production of Hydrocarbons with the concessionaires Eni and Novatek, which was signed in September 2016.

“Concessionaires Eni and Novatek, in accordance with the obligations from the Work Program of the Concession Agreement for exploration and production of hydrocarbons, performed 3D seismic surveys at the end of 2018, and during 2019 the collected data were processed, as well as geological and geophysical studies. Based on the processed data, the prospectus for which the first exploratory drilling is performed is defined. At the beginning of 2020, the geomechanical testing of the soil at microlocations was completed, in order to determine the geomechanical properties of the seabed on which Topaz Driller will be positioned “, concludes the statement of the Hydrocarbons Administration.