Croatia nears first offshore licensing round

Croatia is on schedule to offer its first offshore licensing round this April.

Offshore staff

ZAGREB, Croatia –Croatia is on schedule to offer its first offshore licensing round this April.

“We have defined29 offshore blocks for the upcoming license round ranging from approximately 1,000 to 1,600 sq km (386 to 618 sq mi),” said Ivan Vrdoljak, Croatia’s minister of Economy. “Even though additional offshore areas have been previously available for exploration we excluded near shore and other sensitive areas.  Fiscal terms have also been defined with the assistance of leading consultancy firm IHS and an extensive benchmarking exercise has been undertaken to ensure that we will be competitive with both our regional and global peers.”

At the same time, Vrdoljak said Barbara Doric was appointed interim president of Croatia’s hydrocarbon agency.

Doric added, “We are now accepting bookings to our offshore data room. The data room includes legacy seismic and well data plus brute stacks of a recently complete multi-client 2D seismic survey."

2/24/14

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