Exploratory drilling near Ulcinj promises a large oil field - Several more potential deposits in Montenegro
Source: Mina
Monday, 13.09.2021.
09:22
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Illustration (Photo: Pixabay.com/Bruno - Germany)
He said that the current depth of the drilling well in Ulcinj is 4.7 thousand meters, as reported by the newspaper Pobjeda.
- It is with great optimism that we expect an economically viable deposit to be found in the formation of fractured carbonates at a depth of 6.5 thousand meters. There are several other interesting concession areas, from the aspect of oil and gas exploration, and when, depending on the results of the ENI / Novatek drilling well, tenders are announced, the public will be informed in time - said Perunovic.
As he stated, after confirming the reserves in the existing reservoir, the next phase would be the development of the reservoir, which implies additional wells and the development of a production model.
- In the case of a positive scenario, the first production is expected in three years time. The construction of refineries in Montenegro is not planned, in favor of preserving the environment, and the plan is to sell the produced oil as crude - said Perunovic.
According to him, energy field is one from which Montenegro, i.e. its citizens and economy, can live of.
- I am of the opinion that, if the funds are properly invested in good energy projects, the Montenegrin economy can experience a real boom in a relatively short period of time - Perunovic believes.
Tags:
Eni
Novatek
Ministry of Capital Investments
Brskovo mine
WP Gvozd
WP Krnovo
SPP Velje Brdo
HPP Perucica
Marko Perunovic
Solari 3000 plus project
Solari 500 plus project
Bileca lake
oil
gas
oil exploration
gas exploration
oil deposit
gas deposit
reserves
refinery
sale of crude oil
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