Croatia’s government is planning to publish tenders for oil and gas exploration in the central and southern Adriatic Sea in Q2 this year.
The announcement followed the completion of a 2D multiclient seismic acquisition survey offshore Croatia by Oslo-based seismic services provider Spectrum (pictured).
The new survey has provided, for the first time, about 15,000km of modern long-offset 2D data, covering the majority of offshore Croatia.Seismic acquisition started in September 2013, and was completed on January 19, 2014. Final processed products will be available by April 2014.
Neighboring Montenegro is also trying to attract companies to explore its waters. Its government recently agreed to extend a public invitation to apply for offshore exploration concessions to May 15, 2014.
Speaking on a visit to the seismic vessel, which completed the work offshore Croatia, Minister Ivan Vrdoljak, Croatia’s Minister of Economy, said new modern seismic data was needed to attract oil companies to participate in Croatia’s upcoming public call for tenders.
“The vast majority of Croatia’s offshore legacy seismic data was obtained more than 20 years ago,” he said. The (new) data points to prospective hydrocarbon deposits in the geologic structures of the Croatian Adriatic with greater clarity. We can already conclude, based on data from the early stages of processing, that hydrocarbon prospectivity is significant and that undrilled prospects are present throughout the entire Croatian side of the Adriatic.
“The public call for tenders for the Adriatic concessions are expected in Q2, 2014. Prior to the call we will define blocks that will be offered to all companies interested in oil and gas exploration and exploitation in the Republic of Croatia.”
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