In early September 2019 the Government of the Federation of Bosnia and Herzegovina and the Federal Ministry of Energy Mining and Industry (FMERI) announced they will launch a bidding round for three blocks in the Pannonian Basin (BiH Po-1, BiH Po-2 and BiH Tz) and one block in the Dinarides (BiH D-1). To provide further information regarding the technical potential of the four blocks on offer and to present the regulatory and fiscal terms and conditions, the FMERI has announced it will hold a roadshow in Sarajevo and another in London during October. In addition, the FMERI and the Federal Institute for Geology representatives will be present at the Central-Eastern Europe and Caspian (CEEC) Scout Group Meeting in Ankara, Turkey on the 3 - 4 October 2019 and at the Balkans Petroleum Summit on the 24 - 25 October 2019 in Montenegro to provide information about the blocks. A Data Room is also immediately available at the Federal Institute for Geology in Sarajevo.  The four blocks on offer are:             Block names            Geological location            Area (km2)            Location (cities area)                BiH D-1            The Dinarides            Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    3,237             Mostar, Siroki Brijeg                BiH Po-1            The Pannonian Basin            Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    110             Odzak                BiH Po-2            The Pannonian Basin            Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    93             Orasje                BiH Tz            The Pannonian Basin            Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â    1,511             Tuzla           Â   The roadshow in Sarajevo can be attended on 1 October 2019 at the Chamber of Commerce of the FBiH, Branislava Durdeva 10. Registrations must be received before 27 September 2019. The roadshow in London can be attended on 9 October 2019 at The British Museum, Great Russell St, Bloomsbury, London WC1B 3DG. Registrations must be received before 25 September 2019. All national and international oil companies, and any bona fide investors wishing to attend these roadshows should register via email to BiHroadshow@ihsmarkit.com, stating the name and position of requested attendees and the roadshow event venue. Acceptance of registration will be confirmed by email reply.  The Republic of Bosnia and Herzegovina is divided in two political entities, the Federation of Bosnia and Herzegovina and the Republic of Srpska. The district of Brcko is a third self-governing administrative unit in the northeastern part of the country. Two wells have been drilled on the licence blocks on offer. In 1987 the Podravski Novigrad 1 well was drilled on licence block BiH Po-1, the objective was in the Miocene. The well was suspended with TD at 3,300 m and the findings were not reported. In 1934 the Pozarnica 1 well was drilled on the BiH Tz licence block, it was reported to have encountered oil with a TD at 800 m.  Between 1989 to 1992 Amoco carried out a project across the central and outer Dinarides Mountains. Prospective structures were identified close to Trebinje, Stolac, Nevesinje, Mostar and Dreznica (which was described as a megastructure). It was reported from this study that there is oil and gas potential at depths of approximately 2,000 m to 4,000 m in the northern region and between 4,000 m to 6,000 m in the southern Dianrides area.   In early November 2011 the government of the Federation of Bosnia and Herzegovina signed a Memorandum of Understanding with Shell to explore for potential natural oil and gas accumulations and develop a data room. According to Shellâs studies, the Dinarides area have oil particularly in the area of Gornja Dreznica. Oil was also identified near the Posavina enclave (north) and Majevica (northeast). Following Shellâs decision in October 2015 to put an end to its exploration project in the country, the local paper Dnevni Avaz announced that Croatian INA, Australian Key Petroleum, French Total and British Spectrum had sent letters of intent to the Federation between late October 2015 and mid-February 2016.
In early September 2019 the Government of the Federation of Bosnia and Herzegovina and the Federal Ministry of Energy Mining and Industry (FMERI) announced they will launch a bidding round for three blocks in the Pannonian Basin (BiH Po-1, BiH Po-2 and BiH Tz) and one block in the Dinarides (BiH D-1). 