Offshore oil exploration in Montenegro begins

The Topaz Driller drilling rig arrived onsite in Montenegro in mid-March. The Government is hoping this venture will help diversify Montenegro’s economy so it is no longer dependent on the tourism industry. [Shutterstock/xtock]

The Italian and Russian Eni-Novatek consortium will start exploratory drilling for oil off the Montenegrin coast on Thursday, the country’s ministry of capital investments has told CdM.

The Topaz Driller drilling rig arrived onsite in Montenegro in mid-March. The government is hoping this venture will help diversify Montenegro’s economy so it is no longer dependent on the tourism industry.

The move is not without controversy, however, as environmental NGOs believe this exploration could endanger the environment, recalling that current government representatives were against this exploration while they were in opposition. 

Croatia has already tried exploratory drilling in the Adriatic without results.  

(Željko Trkanjec | EURACTIV.hr)

 

Subscribe to our newsletters

Subscribe