Montenegro Gets Three Bids in Offshore Oil, Gas Tender

Montenegro said on Thursday it received three bids in a public tender to award concessions for offshore oil and gas exploration and production.

The public tender was called on August 7. The bidding deadline expired earlier on Thursday.

Bids were filed by three partnerships - Marathon Oil Corporation and OMV; Eni S.p.A. and Novatek; and Energean Oil &Gas and Mediterranean Oil&Gas, the country's economy ministry said in a statement.

According to the statement, Montenegro plans to wrap up the selection of a partner by the end of 2014.

The decision on defining blocks for the award of concession contracts for production of hydrocarbons includes 13 blocks totaling 3,191 square kilometres in area. Most of the area is part of the former Ulcinj block.

Source: SeeNews