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Bosnia wants to explore domestic oil fields
Published in Saudi Press Agency on 04 - 09 - 2008

Herzegovina ,September 04 , SPA -- A Bosnian oil company
is looking for international partners to explore domestic
oil fields that may contain more than 100 million barrels,
officials said Thursday, AP reported.
Bosnia's biggest energy company, state-run Energoinvest,
invited foreign companies to explore five already
identified sites over the next five years.
Companies willing to invest at least US$100 million can
send nonbinding letters of interest by Oct. 3, Energoinvest
marketing director Ibrahim Bosto said, adding that a tender
will be issued by the end of the year.
British and U.S. companies, together with Energoinvest,
have already explored here decades ago and defined five
potential sites where it would be worth drilling. Some
1,000 tons were pumped out in 1991, but the 1992-95 war
disrupted the project.
Energoinvest believes there are up to 100 million barrels,
according to the results of prewar explorations with
British and U.S. companies, Bosto said.


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