Insight
Croatia launches its first offshore licensing round
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Report summary
The Republic of Croatia launched its first offshore licensing round on 2 April 2014. On offer are 29 blocks, with exploration potential in gas and oil prone plays covering shelf to deepwater environments. While over 16 tcf and 218 mmbbl of commercial gas and liquids reserves have been discovered in the Adriatic Sea to date, most is located in the Italian sector. The Croatian Adriatic remains underexplored and offers promising exploration potential.
Table of contents
- Executive Summary
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Croatia's first international licensing round
- 29 blocks on offer in Croatia's Adriatic Sea
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Potential returns are attractive
- Indicative full cycle economics for a range of potential gas discoveries under new PSA terms
- Indicative full cycle economics for a range of potential oil discoveries under new PSA terms
- The ingredients are in place for a successful round...
- ...but risks remain
- Potential exists elsewhere in the Adriatic Sea
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Appendix
- PSA Terms
- Model Assumptions
Tables and charts
This report includes 3 images and tables including:
- Croatia launches its first offshore licensing round: Image 1
- Croatia launches its first offshore licensing round: Image 2
- Croatia launches its first offshore licensing round: Image 3
What's included
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