oil wells

Serbia Expands Energy Portfolio with Activation of 42 New Oil Wells

In Serbia, oil production is carried out at 870 oil wells and 69 gas wells in operation, employing various extraction methods. Additionally, in 2023, 42 new wells were put into operation, including 41 production wells and one exploratory well, as stated in the Decision on determining the Energy Balance of the Republic of Serbia for the year 2024. NIS a.d. Novi Sad is the sole company in Serbia engaged in oil and gas exploration and production. NIS owns a processing…