Country report
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15 Pages

Montenegro upstream summary

Montenegro upstream summary

Report summary

Montenegro is a country in south eastern Europe, which has no history of commercial hydrocarbon production. Hydrocarbon potential lies predominantly in the offshore region of the Adriatic-Dinaric Basin. The geology of Montenegro is analogous to parts of Albania, Croatia and Italy. Since 2010, the Montenegrin government has been working to establish an upstream oil and gas industry. Montenegro's first licensing round was opened on 7 August 2013, which included 13 blocks covering an area ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 674.08 KB 15 Pages, 7 Tables, 3 Figures
  • Country Overview XLS - 321.50 KB


Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Geology
    • Introduction
    • Adriatic - Dinaric Basin
      • Reservoirs
      • Source
      • Traps and seals
  • Exploration
    • Licensing
    • First Round for Production Concession Contracts
    • Exploration history
      • Onshore exploration
      • Offshore exploration
    • Drilling
      • Drilling activity
  • Reserves and resources
  • Production
    • Oil/liquids
    • Gas
  • Infrastructure
    • Introduction
    • Ionian-Adriatic Pipeline
    • South Stream
  • Policy and regulation
    • Key legislation
    • Regulatory body
    • State oil company
    • State participation
    • Licensing
    • Exploration Concession contracts
    • Production Concession contracts
  • Fiscal terms
    • Overview
    • Current fiscal terms
      • Hydrocarbons Tax
      • Sample cash flow

In this report there are 10 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Geology
    • Map of Basins
  • Exploration
    • Blocks offered in the First Round
    • Exploration: Table 1
    • Exploration: Table 2
  • Reserves and resources
  • Production
  • Infrastructure
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
    • GEM models
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