Eni awarded an offshore exploration license in Croatia

Source:Eni

Eni was awarded an exploration license within the Croatian First Offshore Licensing Round.

Eni was 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, a region where Eni is the exploration and production leader, having operated for several decades on both the Italian and Croatian sides.

Eni will get a 60% participating interest and the role of operator, in partnership with Rockhopper (40%). The assignment will be formalised upon the signature of the Production Sharing Agreement, foreseen by April 2015.

Eni has been active in Croatia since the ”80s. At present, through its fully owned subsidiary Eni Croatia B.V., it operates jointly with INA’s two exploration and production licenses located in the Adriatic offshore, where it holds a 50% participating interest.

Eni is the leading international producer in the country, with daily equity production (2014) of around 1.1 million cubic meters of gas.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs