News listings
Equatorial Guinea Licence Round

energy-pedia development and production

Croatia flagCroatia

Europe / Caspian / CIS >>> Croatia

Croatia: INA starts production at new gas fields in Medimurje project


28 Jul 2016

Photo - see caption

MOL has announced that INA has successfully started its test production in two of its gas fields in Croatia, following a USD 64mn (HRK 450 mn) investment program in the Medimurje project.

INA has begun the test production of gas at two of its fields, Vuckovec and Zebanec, as part of its Medimurje project. At the third field, Vukanovec, production is expected to begin in early 2017. Incremental production is estimated at around 2.0 mboepd in H2 2016 on average and it is expected to further increase in 2017.

INA has invested USD 64mn (HRK 450 million) in the project. Five production wells were drilled and equipped along with a total of 100 kilometers of new pipeline. Cumulative yield of gas is estimated to be at around 1 billion cubic meters and the vast majority is to be exploited by 2024.

An additional main objective is that the carbon dioxide that is being extracted from the fields in the Medimurje project will be transported to the Žutica and Ivanic oil basins via pipeline. It will then be re-injected into the ground in the frame of INA’s ongoing EOR project.

Photo - see caption
INA's operations in Croatia - including Medimurje

Dr. Berislav Gašo, MOL Group’s E&P COO commented:

'The Medimurje project, along with our comprehensive production optimization program in CEE, is yet another important part of MOL Group’s efforts to maximize the extraction of profitable barrels of hydrocarbons, which helps to ensure that our portfolio is creating value even in the current oil price environment. The expected incremental production of around 2,000 barrels of oil equivalent per day will keep onshore hydrocarbon production in Croatia on its growing trend.'

Original article link

Source: MOL Group





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current deals: 1692
Completed deals: 5184

Company Profiles

Current Company Profiles: 2639

Corporate Activity

Current Corporate Activity articles: 3268

Companies Looking

Current number of articles: 427

Company Sales

Current Company Sales articles:1354

Geostudies

Current Geostudies articles: 637

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

Geoespace
KL Publishing
RSK Logo 149
EP Consult Energies
Rose & Assocs 149
Union Jack Oil 149
energy365
Bayphase
SLR Consulting logo
Government of South Australia
OPC
count geophysics
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com