Five companies apply for oil prospecting in Bosnia

Energoinvest - Bosnian company leading prospecting operations has reported that Transglobal Petroleum (Texas, USA), Longwiew Capital Partners (Canada) through it's subsidiary Seed Rock, Delta Hydrocarbons (Holland), MOL (Hungary) and INA (Croatia) have submitted their letters of intent regarding prospecting for oil in Bosnia.

Other companies from Austria, Germany, UK, Persian Gulf and Malaysia have also shown interest but are still to submit formal offers once the tender gets published.

So far the most interesting proposal has been submitted by Longwiew Capital Partners whose delegation has been to Sarajevo for discussions.

Prospecting is being planned in three different regions in Bosnia and above mentioned companies are ready to invest 80 to 100 million $US initially, per region . American Transglobal Petroleum is also offering to invest around 600 million $US in building an oil refinery with a capacity of 50.000 barrels a day.

The tender is to be published by the end of the year.

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