Croatia

Operating company:
INA d.d.
Headquarters: Zagreb
Number of employees: ~ 1100
2P Reserves (2019 YE):
102.4 MMboe
Production (2019):
33.9 mboepd

Croatia is one of MOL Group’s core countries in terms of production and reserves on portfolio level where exploration and production activities started in 1960. Since then, more than 45 oil and 30 gas fields were put into operation, around 4500 exploration and development wells were drilled with total depth of about seven million meters. Currently there are about 1200 oil and gas wells with more than 3,000 km of various pipelines. Current activities include exploration, development and production of oil, natural gas and condensate.

Besides onshore, there are also offshore operations in the northern Adriatic where production begun in 1998. Currently, INA, member of MOL Group, is the sole owner and operator in the Northern Adriatic and Aiza Laura Contract areas since the ENI buyout in 2018, while gas field Izabela is exploited in cooperation with Edison through joint operating company Edina.

The main challenge facing INA is declining production from its mature fields. The declining trend of domestic crude oil production was reversed back in 2014 through Production Optimization activities. It was rising year-over-year until 2019, when it slightly declined, yet still surpassed the level of production in 2016.

Croatian onshore and offshore production contributes around 25% of MOL Group’s production.

Exploration Program

Current exploration activities are focused on Drava-02 concession area where exploration program started in 2017.  INA participated in two bid rounds and was awarded three exploration licenses: Drava-03 and North-Western Croatia-01 in the 2nd Croatian onshore bid round, and Dinarides Block 14 license in the 3rd Croatian onshore bid round.

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Production Optimization

INA launched the Production Optimization Program in Croatia and so far it had contributed to the year-over-year increase of onshore oil production for 5 years until 2019, at which point the decline has been stabilized at 3%, still surpassing the level of production in 2016. Over 150 well workovers were performed during the last 2 years, and artificial lift systems were optimized through installation of new production equipment and automation.

EOR Project

INA launched the Production Optimization Program in Croatia and so far it had contributed to the year-over-year increase of onshore oil production for 5 years until 2019, at which point the decline has been stabilized at 3%, still surpassing the level of production in 2016. Over 150 well workovers were performed during the last 2 years, and artificial lift systems were optimized through installation of new production equipment and automation.

PRIORITIES FOR UPCOMING YEARS

Carry on with the exploration activities in newly awarded areas, production optimisation and EOR projects in mature fields as well as launch the next development phase of the North Adriatic offshore assets. On top of this we aim to increase our operating efficiency and productivity.

 

For details of other E&P operations, please click on the highlighted countries below: