Serbian NIS spuds exploratory well in Bosnia and Herzegovina

Jadran Naftagas has spudded the Obudovac exploratory well near the village of Obudovac, located in the Samac municipality in Republika Srpska, an autonomous region within Bosnia and Herzegovina (see map, OGJ, Jan. 9, 2012, p. 67). Jadran Naftagas is a joint venture between the Serbian company NIS, a subsidiary of Gazprom Neft, and the Russian company NeftegazInKor, a subsidiary of JSC Zarubezhneft. The well is the first that Jadran Naftagas will drill in Republika Srpska under a concession agreement executed in 2011 with the Republika Srpska Ministry of Industry, Electric Power Generation, and Mining for the geological exploration and production of hydrocarbons on the territory of the rep...

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