In late March 2019 the Velebit 2X appraisal well was spudded at a location approximately 350 m west of the Velebit 1X well, in the Severna Backa licence. Operations were complete in late April 2019. The results have not been released by NIS (operator). The Velebit field is located in the north of Serbia, approximately 20 km from Hungary.  The Velebit 1X appraisal well was spudded in October 2018 and suspended in January 2019, the results were not released. The Velebit field was the first oil and gas field to be discovered in the Backa Sub-Basin. It was discovered in 1965 and came onstream in 1968. The oil and gas is trapped in a southwest to northeast trending anticline with the main reservoir unit being the Lower Pontian sandstone, below 595 m. In 2014 NIS concluded a 1,594 sq km 3D seismic campaign in the northern and eastern part of Serbia. In the northern part of Serbia, the area was focused on the Velebit and Martonos fields.  The Severna Backa permit is held 100% by NIS (operator). NIS is majority owned by Gazprom Neft, the oil arm of Russiaâs state-owned natural gas monopoly Gazprom.
NIS Severna Backa - Velebit 2X appraisal well - Operations complete. The results have not been released by NIS (operator). 