Croatia publishes tender for on-shore oil/gas exploration

Posted by Joseph Keefe
Friday, July 18, 2014

Croatia published an international tender for on-shore exploration for oil and gas in the Drava river basin and the east of the country, the Economy Ministry said on its website.

The tender, published in the official journal of the European Union on Friday, will run until Feb. 18 next year, it said. Licences for six separate blocks, covering an area of some 15,000 square kilometres, will be granted for up to 30 years.

Croatia is also running an international tender for off-shore exploration in the Adriatic, which is open until early November.

The former Yugoslav republic, which joined the European Union in July 2013, hopes that a drive to boost energy independence will help its economy recover. Croatia is expected to suffer a sixth recession in a row this year.

The head of Croatia's hydrocarbon agency, Barbara Doric, told Reuters last month that some 45 companies had applied to visit the data room for off-shore exploration.

Officials have declined to identify any interested firms, citing legal limitations, but local media said the potential bidders could include Gazprom and Lukoil from Russia, Exxon from the United States, France's Total and Germany's RWE.

Another round of on-shore concessions, for the Sava basin and northern Croatia, will be published in the autumn, followed by a subsequent round for the central Dinarides mountain chain in 2015, Doric said in last month's interview.

"Unlike off-shore exploration, in on-shore deals it is possible to have commercial production already after three years, because the exploration process is simpler," she said.

Croatia recently got a location permit that will allow a long delayed liquefied natural gas (LNG) terminal project in the northern Adriatic to move ahead. The project is one of several dozen EU energy projects the bloc may co-fund.

U.S. Assistant Secretary of State Victoria Nuland said last week Croatia could play a vital role in ensuring regional energy security by providing a source of supply for European countries and allowing them to reduce their dependence on Russian gas.


By Zoran Radosavljevic

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Qatargas, RWE Ink SPA Deal for LNG Deliveries

Qatargas, the World’s Premier LNG Company, today announced a flexible Sale and Purchase Agreement (SPA) with RWE Supply Trading (RWEST), a leading European electricity and gas company.

Swiftships to Procure Patrol Craft Kits for Egyptian Navy

Naval Sea Systems Command (NAVSEA) awards contract to Swiftships for four 28-meter KITs for the Egyptian Navy   On June 28, 2016 Louisiana-based Swiftships, LLC,

Ingalls to Build US Warship LH8

Huntington Ingalls Industries (HII) announced that its Ingalls Shipbuilding division has been selected to build the U.S. Navy’s next large-deck amphibious assault warship, LHA 8.

Energy

Qatargas, RWE Ink SPA Deal for LNG Deliveries

Qatargas, the World’s Premier LNG Company, today announced a flexible Sale and Purchase Agreement (SPA) with RWE Supply Trading (RWEST), a leading European electricity and gas company.

Tanker Fleet Grows by 203 Units Last Year

The tanker fleet has grown over the past twelve months by another 203 units amounting to 21.9 million dwt, says Gibson's Mid-Year Review of Weekly Tanker Market Report.

MARAD Report: Energy Efficiency & Battery Compartment Design

MARAD released an Energy Efficiency White Paper. The Maritime Administration (MARAD) has announced the availability of the Energy Efficiency White Paper that provides

LNG

Qatargas, RWE Ink SPA Deal for LNG Deliveries

Qatargas, the World’s Premier LNG Company, today announced a flexible Sale and Purchase Agreement (SPA) with RWE Supply Trading (RWEST), a leading European electricity and gas company.

Tallink Christens LNG Ferry Megastar

A new LNG-driven fast ferry Megastar was christened in Meyer Turku shipyard for owner/operator Tallink Grupp. The environmentally sound ship was christened on

Conrad Shipyard Forms LNG Business Unit

Conrad Shipyard has formed a new business unit focused on LNG projects.   Conrad, builder of North America’s first LNG bunker barge scheduled for 2017 delivery,

Government Update

Russian Warship made 'unprofessional' Maneuver-U.S. Official

A Russian warship carried out "unprofessional" maritime operations in close proximity to a U.S. Navy ship in the eastern Mediterranean Sea, a U.S. Defense official said on Friday.

MARAD Report: Energy Efficiency & Battery Compartment Design

MARAD released an Energy Efficiency White Paper. The Maritime Administration (MARAD) has announced the availability of the Energy Efficiency White Paper that provides

Panama Canal Traffic to Double

The expansion of the Panama Canal will take traffic through the inter-oceanic passage to a new level, which already handles around 6 percent of global trade transportation,

 
 
Maritime Standards Naval Architecture Pipelines Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0989 sec (10 req/sec)