Gazprom Neft’s NIS Unit Starts Oil and Gas Drilling in Bosnia
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A joint venture of Serbia’s Naftna Industrija Srbije AD and a unit of Russia’s OAO Zarubezhneft began exploratory drilling in the Serb part of Bosnia-Herzegovina, where it has a long-term oil and gas concession.
The first drill in Obudovac in northeastern Bosnia is based on a $13 million investment and seismic surveys since 2011, Novi Sad, Serbia-based Naftna Industrija, or NIS, said in an e-mailed statement. Another $19.5 million is earmarked for the research in 2013 in Republika Srpska, the Serb half of Bosnia, where the joint venture, Jadran Naftagas, plans another drill this year, near the northeastern city of Bijeljina.