Tag: Vermillion Energy

Hydrocarbons exploration in Slavonia to start soon – Croatia, 26 August 2017

According to Croatian media, by the end of this year or in 2018 at latest, new oil and gas exploration wells could be set up in Slavonia, and in case of commercially viable results, hydrocarbons production could start after 2020. At the same time, new tenders for the remaining exploratory blocks in Slavonia and in […]

Municipalities in Slavonija received funds from hydrocarbons exploration contracts – Croatia, 23 August 2016

The first revenues from oil and gas exploration and exploitation contracts, signed in June between the Croatian Government and INA and Canadian Vermillion Energy, began to flow into budgets of municipalities in Slavonija. A total of about 400,000 euros has been paid so far to the accounts of about 40 municipalities in Slavonija in which […]

Government approved onshore hydrocarbons concession contracts – Croatia, 8 June 2016

The Croatian Government has finally approved onshore contracts for exploration and exploitation of hydrocarbons for six exploration areas. The tender was published in July 2014, and the deadline for bids submission passed on 18 February 2015. It includes six exploration areas or blocks spanning in size from 2,100 to 2,600 square kilometers in the Drava […]