Ina's Exploration and Production Segment, deals with the exploration, development and production of oil and natural gas in Croatia and abroad. It was founded in 1952. Since then, Croatia has recorded a constant surge in the area of exploration and development. Soon upon its inception, Ina's Exploration and Production Segment started its business operations abroad. So far, it has been involved in 20 foreign countries, and currently it runs operations in Angola, Egypt, Syria, Namibia and Iran.

INA is continuing intensive exploration and development activities onshore and offshore in Croatia. The joint discovery with MOL of the gas condensate field on the Zalata prospect that extends on both sides of the Croatian – Hungarian border gave a new spur to exploration efforts in the Pannonian basin. The well Dravica-1 that was drilled on the Croatian side of the border confirmed gas-condensate accumulations. The cooperation with MOL also continued on the Novi Gradac - Potony project where extensive seismic surveys have been carried out.

Exploration activities in the Northern Adriatic, which are carried out jointly with the Italian company ENI, have resulted in the discovery of two additional gas reservoirs that were struck while drilling the IKA SW-1 and Božica wells. Further testing and development studies are to be carried out. The development wells on the smaller fields, Ana, Vesna and Irina, were completed during 2008 and will be put into production in 2009.

INA ended the third and final exploration phase of the Hayan block in Syria, the most successful foreign concession in the history of the company. The 6th commercial discovery at the Mazrur-1ST well on the Hayan block was reported to the Syrian Ministry in April 2008. Currently, INA is producing oil from the Jihar and Jazal fields. However, due to the limited capacity of the existing OGS (oil and gas station) production is not in full swing. After completion of stage two of the project, when the new OGS will be installed, oil production will increase on the Jihar and Jazal fields, but it will also enable gas production from gas deposits discovered on the Jihar, Jazal and Al Mahr fields. Currently, gas is produced at the Palmyra and Mustadira fields which are  connected to the Arak gas station through a new 8” pipeline. Gas production will increase after completion of the third stage of the Hayan block project when a new gas treatment plant (GTP) will be constructed. The contract for the construction of the GTP, including the unit for LPG production, was contracted in 2008. According to the plans it should be completed in 2011. Steady crude oil production continues at INA’s concessions in Egypt and Angola.

 
INA d.d. /shareholding company/
Oil and Gas Exploration and Production SD /Activity Segment/
Šubićeva 29
10000 Zagreb
Tel: ++385 (0)1 4592-222
Fax: ++385 (0)1 4640-589