Croatia Launches Second Onshore License Round
Croatia has launched its second onshore licensing round.
There will be seven blocks available in the licensing round, all located in Croatia’s prolific Pannonian basin which has produced more than 1.1 billion barrels of oil equivalent. The majority is oil and condensate.
There’s a great deal of potential in this licensing round as most of the blocks contain undeveloped oil or gas discoveries.
The blocks available for the first time are:
- Sava-06 (SA-06)
- Sava-07 (SA-07)
- Sava-11 (SA-11)
- Sava-12 (SA-12)
- Northwest Croatia-01 (SZH-01)
- Northwest Croatia-05 (SZH-05)
Drava-03 (DR-03) was previously offered in Croatia’s first onshore license round, which was announced June 1, 2014. It was awarded to Oando, but will be available for the second time in this licensing round.
Licenses for exploration and production of hydrocarbons are issued for a maximum of 30 years.
Bidding applications are due by June 28, 2019 and the license granting deadline is October 31, 2019.
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