According to the “Competent Persons Report – CPR” company, Montenegro owns 51 billion cubic meters of gas and 144 million cubic meters of liquid resources, which equal to 438 million barrels of oil. The preparation of the exploration activities, on two areas off the southern coast of Montenegro, granted to the Greek company Energean Oil & Gas, is an integral part of the first three-year exploration phase, which includes seismic surveys and geological and geophysical studies.

(ITALPRESS/MNA).

Source: medNews