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 Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Woodside to Pick up Moroccan Acreage

Woodside advises that it has entered into a contract for an exclusive Reconnaissance Licence (RL) with the Office National des Hydrocarbures et des Mines, the

Gazprom & Eni Close Rank

Sochi hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Claudio Descalzi, Chief Operating Officer of Eni.

Rolls-Royce Wins US Marine Corps Contract

Rolls-Royce has been awarded a new, two-year contract to provide aftermarket engine support for the US Marine Corps and Air Force V-22 fleets, which provides

Energy

Woodside to Pick up Moroccan Acreage

Woodside advises that it has entered into a contract for an exclusive Reconnaissance Licence (RL) with the Office National des Hydrocarbures et des Mines, the

Gazprom & Eni Close Rank

Sochi hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Claudio Descalzi, Chief Operating Officer of Eni.

PGS Moves Asia Pacific HQ to Malaysia

Petroleum Geo-Services ASA : Kuala Lumpur Becomes the New Asia Pacific Regional Headquarters As a part of the plan to restructure PGS business activities

LNG

Getting Real on LNG Fuel

Plentiful supply, low prices and strict regulations on air pollution are fuelling a swift move towards using LNG as fuel for ship propulsion in the USA and Canada.

Interferry Welcomes IMO Decision on LNG Fuel Tank Placement

Interferry has welcomed a decision at last week’s IMO Maritime Safety Committee meeting (MSC94) setting out rules for the location of fuel tanks on LNG-powered ships,

HHI to Build FSRU for Höegh LNG

A new Floating Storage and Regasification Unit (FSRU) will be built by the Korean shipbuilding Company Hyundai Heavy Industries (HHI). This FSRU will be the fifth

Government Update

US House to Hold Hearing on Oil Export Ban

A House of Representatives panel will hold a hearing on Dec. 11 to explore whether a decades-old law that prohibits the export of crude oil makes sense in an era of domestic energy abundance.

Australian Defence Minister Says Would Not Trust Submarine Firm to Build Canoe

Australia's defence minister has said he would not trust state-owned Australian Submarine Corp (ASC) "to build a canoe", fuelling expectations that most work in

Shipbuilding Regulations: Cents and Sensibility

Addressing the Jones Act is just one aspect of an increasingly complicated boatbuilding environment. Stovepiped, poorly conceived regulations is another. The sting of the recession is fading,

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Offshore Oil Pipelines Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1339 sec (7 req/sec)