Croatia Prepares Onshore Oil, Gas Exploration Tender

Croatia Prepares Onshore Oil, Gas Exploration Tender
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Τετ, 18 Ιουνίου 2014 - 13:25
Croatia is preparing its first tender for onshore oil and gas exploration and production which will target the Podravina and Posavina locations, in the basins of the Drava and Sava rivers, the country's economy minister Ivan Vrdoljak said on Tuesday.
Croatia is preparing its first tender for onshore oil and gas exploration and production which will target the Podravina and Posavina locations, in the basins of the Drava and Sava rivers, the country's economy minister Ivan Vrdoljak said on Tuesday.

Afterwards, the government plans to issue a public call for onshore oil and gas exploration and production in the Dinaric Alps region, Vrdoljak said in a statement.

State-run broadcaster HRT quoted Vrdoljak as saying that the tender for the Podravina and Posavina regions will most probably be launched in the second half of July.

This would only be the first round of tendering as later a public call for hydrocarbons exploration and production in central and northern Croatia will follow, Vrdoljak said, adding that the turn of the Dinaric Alps will come in 2015.

In April, Croatia invited bids in a first licensing round for the exploration and production of hydrocarbons in the Adriatic Sea. The deadline for submission of bids expires on November 3.

According to the latest data available on the website of the country's economy ministry, Croatia consumes around 3.0 billion cubic meters of gas annually with domestic production covering over 60% of demand.

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