Exploration, production pace faster in Serbia, Bosnia and Herzegovina

Oil and gas production has declined in Serbia in the last 3 decades due to depletion of existing reserves and low level of exploration. Domestic production makes up one fifth of Serbia's energy needs, so the country is highly dependent on imports. This article reviews recent and planned oil and...

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Bibliographic Details
Published in:The Oil & gas journal 2012-01, Vol.110 (1a), p.64-69
Main Authors: KAROVIC MARICIC, Vesna, DANILOVIC, Dusan, BATALOVIC, Veselin, LEKOVIC, Branko
Format: Magazinearticle
Language:English
Subjects:
Applied sciences
Crude oil
Crude oil, natural gas and petroleum products
Energy
Energy industry
Exact sciences and technology
Fuels
Geology
Hydrocarbons
Imports
Joint ventures
Natural gas
Natural gas reserves
Oil and gas exploration
Oil and gas production
Oil exploration
Oil recovery
Oil reserves
Petroleum industry
Petroleum production
Reservoir management
Reservoirs
Sediments
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Summary:Oil and gas production has declined in Serbia in the last 3 decades due to depletion of existing reserves and low level of exploration. Domestic production makes up one fifth of Serbia's energy needs, so the country is highly dependent on imports. This article reviews recent and planned oil and gas exploration and production activities in Serbia and in the Serb Republic in Bosnia and Herzegovina. The Republic of Serbia, a country in southeastern Europe and on the western Balkan Peninsula, belongs to the group of countries that are not major petroleum producers or consumers. Serbia's crude oil proved reserves of 77.4 million bbl rank 76th in comparison in the world, and natural gas reserves of 1.7 tcf rank 65th by 2010 estimate. Serbian natural gas production compared with 2008 was up 19% in 2009 and 30% in 2010 due to new field discoveries and improved reservoir management.
ISSN:0030-1388
1944-9151