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Bosnia's Federation begins roadshow for planned oil/gas exploration tender

Author Iskra Pavlova
Bosnia's Federation begins roadshow for planned oil/gas exploration tender Image by Paul Lowry.

SARAJEVO (Bosnia and Herzegovina), September 24 (SeeNews) - Bosnia's Federation is launching a roadshow to promote its plans to open a tender for oil and gas exploration and exploitation licences for locations in the Panonian basin and the Dinarides, the Federation's energy ministry said.

The Federation's government and energy ministry are inviting interested parties to meetings on October 1 in Sarajevo and on October 9 in London, the ministry said in a statement earlier this month.

In addition, ministry officials will be available to discuss the project at the Central-Eastern Europe and Caspian (CEEC) Scout Group's meeting in Ankara on October 3-6, as well as at the 7th Balkans Petroleum meeting in Montenegro's Budva on October 24-25, the statement said.

All interested state-owned, private, international oil companies and investors should register via email to participate in the events.

The Federation is offering to interested investors to search for hydrocarbon deposits in three blocks in the Panoninan basin (BiHPo1, BiHPo2 and BiHTz) and one block in the area of the Dinaric Alps (BiHD1).

Earlier this year, the Federation hired London-based IHS Global for consultancy services on the planned tender.

In September 2015, Shell Exploration Company exited an earlier initiative to conduct geological and geophysical research to determine the oil and gas prospects of the Federation.

After Shell's withdrawal, several international companies, including France's Total, Australia's Key Petroleum and UK's Spectrum showed interest in the project, according to earlier media reports.

The Federation is one of two autonomous entities that make up Bosnia and Herzegovina. The other one is the Serb Republic.