SARAJEVO, Bosnia (September 3,2008) - The largest Bosnian engineering group, Energoinvest, issued an international tender today seeking partners to explore potential natural gas and oilfields in Bosnia.
Record crude prices have prompted the Bosnian government to revive oil and gas exploration plans dating back to before the 1992-95 Serbian,Montenegrin and Croatian aggressions against Bosnia, when U.S. and British researchers found oil deposits in the country's north and south.
Energoinvest was the local partner in the original project and the FBIH entity regional government ordered it last year to draft a plan of exploration of five potential oilfields for 2008-2017.
The company invited firms and investors with a long-term record in natural gas and oil exploration to send non-binding letters of intent within a month from September 3.
Potential partners should have capital of at least $100 million invested in exploration for oil, gas and mineral resources in the past five years.
Malaysian, British and Canadian companies have already expressed interest in exploring some of the potential oilfields in Bosnia.
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Wednesday, September 3, 2008
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