The Montenegrin economy
ministry said it has signed a contract with Norway's Advokatfirmaet Simonsen
Vogt Wiig for consulting services in the negotiating process for the award of a
concession for offshore hydrocarbons production.
The total value of the 12-month contract is 300,000 euro ($348,000), the
contract posted on Friday on the ministry's website indicated.
In December, the Montenegrin government said that the negotiations with the
bidders in the offshore oil and gas exploration and production tender are
expected to be completed by the end of February at the latest.
In May, the economy ministry said bids in the tender have been filed by three
partnerships - Marathon Oil Corporation and OMV; Eni S.p.A. and Novatek; and
Energean Oil &Gas and Mediterranean Oil&Gas.
The decision on defining blocks for the award of concession contracts for
production of hydrocarbons includes 13 blocks covering 3,191 sq km. Most of the
area is part of the former Ulcinj block.
Source: SeeNews
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