INA-Industrija nafte, d.d. – signing of onshore exploration and production sharing agreements

With reference to the Croatian Government’s decision, INA has signed three onshore exploration and production sharing agreements.

The mentioned agreements grant exploration rights to INA for blocks DR-03, SZH-01 and DI-14 for the period of 3 years with the possibility to extend it for another two years. In case of commercial discovery further 20 years of petroleum exploitation period will follow.