By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sarajevo TimesSarajevo TimesSarajevo Times
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Search
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Discovered the First Oil Source in Obudovac, Šamac
Share
Font ResizerAa
Sarajevo TimesSarajevo Times
Font ResizerAa
  • HOME
  • POLITICS
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
  • SPORT
  • ARTS
  • W&N
Search
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Follow US
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2012 Sarajevo Times. All rights reserved.
Sarajevo Times > Blog > BUSINESS > Discovered the First Oil Source in Obudovac, Šamac
BUSINESS

Discovered the First Oil Source in Obudovac, Šamac

Published: August 2, 2013
Share
SHARE

naftaThe first results of drilling for oil in the oil rig in Obudovac, Šamac should be known in the next ten days, said for “Glas Srpske“, the Minister of Industry, Energy and Mining of RS, Željko Kovačević.


He pointed out that the exploration is still ongoing, but that, according to information that he received from the director of the company “Adriatic–naftagas” which explores oil, the results are very encouraging.

“The Oil has appeared, but it is still not enough for commercial purposes. We expect in the next depth of 200 or 300 meters to find even commercial oil reserves”, said Kovačević.

As planned, the drilling of the first oil source in RS in the depth of 2.800 meters should be completed by end of August, and after that, it is planned planed the exploration and search for oil in another area, near Bijeljina, which will go in depth of 3.500 meters.

Exploring oil source in Obudovac started by the end of the May.

The company “Adriatic–naftagas” as a joint company with NIS and “Zarubezneft”, and the Ministry of Industry, Energy and Mining signed in September 2011 the agreement for the exploration and utilization of the oil and natural gas on the territory of RS. These companies committed to the exploration of hydrocarbons in the RS and to invest 229 million USD, of which USD 40.7 million for research and 188.3 million USD for exploitation.

For Geologic exploration last year was invested 13 million USD, and now it is planned an investment of approximately U.S. $ 19.5 million and they have shown that in these areas there is a potential for the discovery of oil and gas. Seismic tests were performed between Novi Grad – Doboj, at the area of Semberija, as well as in the area of ​​Posavina and at the area from Banja Luka to Zvornik and Majevica.


(Source: ekapija.com)

 

What happened with the Building of the former Feroelektro?
Demand for timber Assortments in TC is four Times higher than planned Possibilities
Road and Belt initiative brings huge Perspectives for BiH
Analysis: Corruption in BiH Maternity Hospitals
Analysis: GDP by the Expenditure Approach for Period 2007 – 2017
Share This Article
Facebook Whatsapp Whatsapp Telegram Threads Bluesky Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Ibišević the Goal Scorer for Stuttgart against Botev
Next Article The Book Signing “Pečat Izgublejnih Radosti” Organized in Sarajevo
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Stay Connected

10.2KFollowersLike
10.1KFollowersFollow
414FollowersFollow

Latest News

Government of ZDC approved the Employment of 105 new Police Officers
July 25, 2026
SIPA searched the premises of FC in Banja Luka and Gradiska
July 25, 2026
CEC BiH: 6,299 Voters checked their Data during the Presentation of the Provisional Voter List
July 25, 2026
Mountaineers from BiH successfully complete Expedition to Mont Blanc
July 25, 2026
COM EUFOR Hosts Ambassador of Spain to BiH to mark Día de Santiago
July 25, 2026
Historic First: Serbia Respects Hague Verdict Against Ratko Mladic Through Recommendation to Belgrade Mayor
July 24, 2026
EUFOR Marks the Change of Command of the German Contingent
July 24, 2026
Russian Gazprom increased the purchase Price of Gas to Energoinvest
July 24, 2026
Fatima Kurtic Fired in Luxembourg for Posting about Gaza: “They Wanted to Bury Us in BiH, but We Are Still Here”
July 24, 2026
Adem Jusic’s Death: Families Seek Truth, Seven Hospital Employees under Investigation
July 24, 2026
Sarajevo TimesSarajevo Times
Follow US
© 2012 Sarajevo Times. All Rights Reserved.
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?