As reported by Reuters, the Croatian government has awarded licenses for gas and oil exploration and exploitation on six blocks in its flat north-eastern region to two local and two foreign companies.
The licenses were given to Croatia’s biggest energy group INA – owned jointly by Hungary’s MOL and the Croatian government – Canada’s Vermilion Energy, Hungary-based Aspect Croatia, which is a branch of the US energy firm Aspect, and a smaller local firm Crodux Derivati.
INA and Crodux Derivati were given licenses for two exploration blocks each, while Vermilion and Aspect Croatia were awarded licenses for one block each. The blocks stretch over an area of around 14 000 km2.
Read the article online at: https://www.oilfieldtechnology.com/exploration/02092019/croatia-awards-onshore-exploration-licences/
Analysis of the logs, use of offset comparison data and cut-offs, in conjunction with advanced wireline tools has indicated an increase in net pay of 17 m, which brings the total net pay to 58 m using the cutoffs from the nearby Waitsia field.