Government amends decision on determination of blocks for oil and gas exploration

    Podgorica, Montenegro (30 October 2014) — Montenegro’s Government at today’s session has amended the decision on determination of blocks for oil and gas exploration and production in the offshore of Montenegro. The decision has been made with the view to adjusting it with the internationally applicable document – Protocol on Interim Regime along the Southern Border, having in mind that the Protocol has established a provisional cross-border regime on the Prevlaka peninsula.

    The decision exempts a part of the surface in the territorial sea under the interim jurisdiction from any kind of exploration and production of hydrocarbons.

    Croatia has shown the blocks applicable for research and exploration agreements in its official map within the area which Montenegro considers disputable (around 1800 km2). Given that Croatia marked this area as its epicontinental shelf and that the two states haven’t discussed its delimitation, as well as the fact that Croatian tender hasn’t been withdrawn, Montenegro decided to protect its interests in the sea area.

    Source: Government of Montenegro