The Croatian government said on Aug. 29 it had awarded licenses for gas and oil exploration and exploitation on six blocks in its flat northeastern region to two local and two foreign companies.
The licenses were given to Croatia’s biggest energy group INA, owned jointly by Hungary’s MOL and the Croatian government; Canada’s Vermilion Energy; Hungary-based Aspect Croatia, a branch of the U.S. energy firm Aspect; and a smaller local firm Crodux Derivati.
INA and Crodux Derivati were given licenses for two exploration blocks each, while Vermilion and Aspect Croatia were awarded licenses for one block each. The blocks stretch across about 14,000 sq km.
The licenses are valid for 30 years at most.
Croatia imports some 80% of its oil needs and about 60% of the gas it consumes.
Recommended Reading
TGS, SLB to Conduct Engagement Phase 5 in GoM
2024-02-05 - TGS and SLB’s seventh program within the joint venture involves the acquisition of 157 Outer Continental Shelf blocks.
2023-2025 Subsea Tieback Round-Up
2024-02-06 - Here's a look at subsea tieback projects across the globe. The first in a two-part series, this report highlights some of the subsea tiebacks scheduled to be online by 2025.
StimStixx, Hunting Titan Partner on Well Perforation, Acidizing
2024-02-07 - The strategic partnership between StimStixx Technologies and Hunting Titan will increase well treatments and reduce costs, the companies said.
Tech Trends: Autonomous Drone Aims to Disrupt Subsea Inspection
2024-01-30 - The partners in the project are working to usher in a new era of inspection efficiencies.
Drilling Tech Rides a Wave
2024-01-30 - Can new designs, automation and aerospace inspiration boost drilling results?