Connecting to LinkedIn...

W1siziisijiwmtuvmdqvmtuvmdgvntqvmzgvnzi1l01ptlrbu0hfqkxpr19vtljftkrfukvex0lnqudfx3jlc2l6zwrfyw5kx3jlbmrlcmvklmpwzyjdlfsiccisinrodw1iiiwimtkymhgxmjuwiyjdxq

Blog

Croatia to explore for oil, gas in Adriatic

4/11/2014 by Sharon Shahzad

W1siziisijiwmtqvmtevmdqvmtqvmtivmdqvmjixl3rozv9hzhjpyxrpy19yaxzpzxjhll9odmfyxziwmtaux2plcmvtev92yw5kzwxmbglja3iuanbnil0swyjwiiwidgh1bwiilci2mdb4ndawxhuwmdnlil1d

Croatia has received six bids in an international tender for oil and gas exploration areas in the Adriatic, and will choose the best ones by the end of the year, Economy Minister Ivan Vrdoljak said yesterday (3 November).

"We are satisfied, we've received bids from big, serious companies," Vrdoljak told reporters. The government sees oil exploration as a key project for the newest EU member, whose economy has been stuck in recession since 2008.

Croatia says it expects investment worth some €2 billion over the next five years in exploration activities.

Local media have earlier reported oil majors like Exxon , Shell, Chevron and Total as being interested but Vrdoljak declined to name any of the bidders.

The tender, which closed on Monday after running for seven months, comprised 29 block areas for exploration and future exploitation, eight in the north and 21 in central and southern Adriatic. The size of one block ranges from 1,000 to 1,600 square kilometres.

Each bidder was allowed to compete for an unlimited number of blocks. The six submitted bids were for 15 blocks altogether, Vrdoljak said. The government plans to sign concession agreements by the spring 2015.

The exploration concession will be awarded for five years with a possibility to extend it for another year, while exploitation concessions are planned for 25 years.

According to the preliminary data, gas reserves are more likely to be found in the north while crude deposits are expected in the southern part of Croatia's Adriatic, where the seabed is deeper.

This article has been extracted from http://www.euractiv.com, please click on this link to read the article in full http://www.euractiv.com/sections/energy/croatia-explore-oil-gas-adriatic-309731

Montash is a multi-award winning, global technology recruitment business. Specialising in permanent and contract positions across mid-senior appointments across a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Energy & Technologies, Demand IT and Business Engagement, Digital and E-commerce, Leadership Talent, Infrastructure and Service Delivery, Project and Programme Delivery.

Montash is headquartered in Old Street, London, in the heart of the technology hub. Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid management in permanent and contract roles.

comments powered by Disqus

Social Stream

Latest News

W1siziisijiwmtcvmdivmtuvmtyvntivmjuvnzkwl2n5ymvyigf0dgfja3muanbnil0swyjwiiwidgh1bwiilcizodb4mtawiyjdxq

UK threatened by serious cyber attacks every ...

2017-02-15 16:00:00 +0000

The security of the UK has been threatened by 188 serious cyber attacks in the last three months, a government security chief has said. National Cyber Security Centre (NCSC) Chief Executive Ciaran Martin told The Sunday Times that national security was put at risk by many of these attacks. Martin was speaking ahead of the official opening of the NCSC, which has been set up to protect critical services in the UK from such attacks and improve underlying i...

W1siziisijiwmtcvmdivmdgvmtavmzcvmzkvnjkyl0n5ymvyifnly3vyaxr5lmpwzyjdlfsiccisinrodw1iiiwimzgwedewmcmixv0

British cyber security workforce rises 163%

2017-02-08 10:00:00 +0000

Data from the UK has shown that the cyber security workforce has grown considerably over the past five years. According to a new report from cyber skills promotion network Tech Partnership, there are now 58,000 more workers in this industry – a rise of 163 per cent. It shows the growing importance of these professionals, with firms across a vast range of industries turning to cyber security specialists to safeguard their data. To collate the report, the...