The area to be explored is located

 text VII 

                                    
            Government of Montenegro launched first round
               for offshore production concession contracts
                              on 7 August 2013.

The Ministry of Economy of Montenegro launched its first bid round for a production concession contract. A total of 3,191 square kilometres of offshore area is Offered, comprising of 13 blocks in the Adriatic Sea.

                  More information about the Round, data availability, and
                  overall procedure can be obtained either by contacting
                                     [email protected] or at
                                           www.petroleum.me

                        (The Economist, September 4th, 2013. Page 86.)