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Project Insights

Political chaos leads to uncertainty in Croatia

Croatia is hoping to reboot its exploration industry amid political chaos, starting with onshore work at six blocks in its northern Slavonia region Croatia is hoping to reboot its exploration industry amid political chaos, starting with onshore work at six blocks in its northern Slavonia region.
By Joshua Posaner 22 June 2016 Europe & Russia / Exploration & Production 0 20768
Croatia’s onshore and offshore licence areas.

The dissolution of Croatia’s parliament on Monday just days after outgoing Prime Minister Tihomir Oreškovic signed off on new production-sharing agreements (PSAs) places doubts over the future of the country’s exploration and production sector.

The government initially awarded the six onshore licence areas last June, with politics already playing a role in delaying progress, according to analysts.

"The main reasons for the delay were political changes in Croatia over the past year. Further development of the project, in my opinion, will depend on the outcome of the...