Eni and Rockhopper Exploration were awarded an exploration license within the Croatian First Offshore Licensing Round. The license is referred to Block 9, which is situated in the Adriatic Offshore region. Eni will get a 60% participating interest and the role of operator, in partnership with Rockhopper (40%).
The block is located in the relatively shallow water of the prolific Northern Adriatic gas province and contains the previously discovered Ksenija accumulation along with the Klaudija prospect.
The anticipated work program consists of seismic acquisition, processing and reprocessing during the first exploration phase (three years) with the drilling of a well in the second exploration phase (if Rockhopper elects to proceed to the second phase).
Signature of a production sharing contract with the Croatian Hydrocarbon Authority must be completed by April 2.