Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

NIS’s Bosnian Venture May Start Exploratory Drilling Next Year

Sept. 26 (Bloomberg) -- Naftna Industrija Srbije AD, majority-owned by Russia’s OAO Gazprom Neft, said its joint venture with a unit of OAO Zarubezhneft may start drilling for oil and gas in Bosnia-Herzegovina next year.

The first exploratory drill is planned for the first quarter of 2013, based on seismic surveys by Jadran-Naftagas d.o.o, the NIS’s venture with Neftegazinkor, the company said today in an e-mailed statement. The location of the drill will be determined after the seismic data is processed, the Novi Sad, Serbia-based company said.

The companies secured a 28-year oil and gas concession last year from Republika Srpska, the Serb half of Bosnia, and pledged $40.7 million for exploration and $188.3 million for possible production, if commercial reserves are found, NIS said.

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.