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Bosnia: Federal Government does not give up on hydrocarbon exploration

15.Aug 2018.

The Government of the Federation of Bosnia and Herzegovina (FBiH) has adopted the information from the expert commission for the preparation of the study on strategic environmental assessment for regional geological exploration of oil condensate and natural gas in FBiH territory, as well as the project task for the preparation of the study.

The Federal Ministry of Energy, Mining and Industry is tasked to submit a proposal for the allocation of funds for financing the preparation of the strategic study from the special fund of FBiH Development Bank in the amount of 150,000 euros. The deadline for the development of this study is 12 months.

Recently, the second attempt by the FBiH Government to find an expert consultant for the help in organizing international tender for awarding concessions for oil and gas exploration has failed because the sole applicant has filed a technically incorrect application.

Tender documentation was bought by 22 interested companies, but only British IHS submitted the offer. However, there were several irregularities regarding the submitted offer so it had to be rejected. The Federal Ministry of Energy, Mining and Industry said that although the second attempt failed, it will not give up on the project for awarding concession for oil and gas exploration in the territory of FBiH.

The previous tender launched in the second half of 2017 also failed because it did not attract any bids. Bosnian media reported that UK-based consulting company IHS has placed a bid on a tender, but the Government did not disclose any information regarding this matter.