Home » Latest » Adriatic Oil & Gas Exploration Tender Closes – 6 Bids Received as Opposition Continues

Adriatic Oil & Gas Exploration Tender Closes – 6 Bids Received as Opposition Continues

Croatia55The international tender for the concession to explore Croatia’s Adriatic coast for oil and gas closed on Monday at 2pm, with the Economy Minister Ivan Vrdoljak confirming that six bids had been received…

“We are satisfied, we’ve received bids from big, serious companies,” Vrdoljak said on Monday, with local media speculating that oil giants such as Exxon, Shell, Chevron and Total were among them.

Vrdoljak said that a decision will be made by the end of the year, with the best bid selected. The tender consisted of 29 block areas, ranging from 1,000 – 1,600 square kilometres, eight in the northern part of the coast and 21 in central and southern Dalmatia. The six bids received were for 15 blocks in total. The successful bids are expected to be given 5-year concessions to explore, and 25-year concessions to exploit.

With Croatia heavily reliant on tourism, local and international environment groups have launched campaigns to try to stop drilling in the Adriatic. Yesterday a group of protestors gathered in front of the Ministry of Economy, and former Enviroment Minister Mirela Holy spoke out about the dangers of drilling.

Holy, whose own political party is now the third most popular in the country, said that exploiting oil and gas was an environmental risk because the Adriatic is a shallow and open sea, and that any accident would be a disaster for Croatia.

Vrdoljak says that concession contracts with the winning bidders should be signed by April 2015.

Share on:
0 / 5 (0 votes)

Sign up to receive the Croatia Week Newsletter

Related Posts

John Malkovich Holidaying in Opatija: ‘My Heaven on Earth’

American actor and director John Malkovich says he has found his ‘heaven on earth’ in Opatija on Croatia’s northern Adriatic coast. Malkovich, who has appeared in more than 70 films, receiving a number of Academy Award nominations, is currently holidaying in Opatija. It is the first time the 64-year-old actor, who has Croatian roots, has...

18,000 km Travel from New Zealand to Play a Rugby Match for Croatia

It is always a special moment to be selected to play your first international, and nothing would stand in the way of Joshua Brajkovic and Marin Altamirano in putting on the red and white checkers and representing Croatia at rugby for the first time – not even 18,000 km. Brajkovic, from New Zealand, and Altamirano...

ECA Aim to Resume Seaplane Operations in Croatia in 2018

Seaplane operators European Coastal Airlines (ECA), who suspended all operations in Croatia in 2016, just two years after their first flight, have stated that they aim to be back connecting Croatian islands with the mainland in 2018. “ECA and the seaplanes project on the Adriatic coast is currently in the restructuring phase in the pre-trade...

Brač Island: 12 Things to Check Out

By Iva Ralica Another beautiful spot on the Croatian coast, and also the largest island in Dalmatia, Brač, is full of spectacular nature, beaches and historical monuments which will mean a short there trip will not be long enough. With so much to see and do on the island and usually little time for tourists,...

Meet the Man Recording Ukulele Covers of Croatian Songs

The ukulele or ‘uke’ is an instrument which has not only a unique sound but also an interesting history and tradition. Since first appearing in Hawaii in the 1800s, the ukulele has played its part with great effect in music over the centuries. It has been used over the years to add a unique touch...

[PHOTOS] Newly Renovated Luxury Hotel Cornaro in Split

A new luxury hotel had its official opening last night in centre of the Dalmatian city of Split. The newly renovated Hotel Cornaro, which is situated on King Tomislav Street in downtown Split, has been open for a while now but on Thursday held its officially opening for invited guests to celebrate the opening of...