Croatia Plans Tender for Onshore Oil, Gas Exploration in H2 2014

Posted: Thursday, November 28, 2013

The Croatian government plans to call an international tender for onshore oil and gas exploration in the second half of 2014, local media reported on Wednesday, quoting economy minister Ivan Vrdoljak.

The planned concession for onshore oil and gas exploration along with the offshore one should make Croatia a net exporter of gas in a couple of years, state-run broadcaster HRT reported, quoting Vrdoljak.

On Monday, Zagreb-based media reported that Croatia is in the process of signing an annex to its offshore seismic survey deal with Norway's Spectrum to include in its scope mapping of the Adriatic country's mainland.

In September, Vrdoljak said that Croatia plans to launch international tenders for oil and gas exploration in its part of the Adriatic Sea in the second quarter of 2014 and to award the first concessions in 2015.

Croatia's domestic production covers 65% of the country's gas needs and 20% of its oil consumption, Vrdoljak said at the time.

A total of 26.6 billion kilowatt-hours of gas were delivered to the Adriatic country's market in 2012.

Source: SeeNews