On 13 June 2019, the Government of the Republic of Croatia, acting through the Croatian Hydrocarbon Agency (CHA), published Notice 2019/C 197/04 informing on the opening of a tender procedure for the granting of licences for the exploration and exploitation of hydrocarbons in the Dinaric area of southwestern Croatia. Publication of the note officially marks the opening of the countryâs 3nd onshore bidding round. The deadline of the tender call is set on 10 September 2019 - the applications are to be submitted to the office of the CHA.  The license portfolio, consisting of four exploration areas covering a total acreage of 12,134 sq km, is as follows:          Block names   (from North to South)            Area   (sq km)             Dinaridi 13 (DI-13)         3,556             Dinaridi 14 (DI-14)         2,698             Dinaridi 15 (DI-15)         2,864             Dinaridi 16 (DI-16)         3,016        Â   The tender documentation and all other relevant information and notices relating to the procedure is published on the official websites of the Ministry of the Protection of the Environment and Energy â www.mzoe.hr â as well as on the homepage of the Croatian Hydrocarbon Agency â www.azu.hr.  Signing of the respective contracts is envisaged in (?)latest 2019-first half of 2020.  Background Information  The licence for the exploration and production of hydrocarbons grants the investor the right to exploration and the direct award of the production licence if the investor has concluded the production sharing agreement (PSA) and has fulfilled all its obligations.  The maximum validity period is 30 years â including the exploration and production periods â and starts on the day the PSA enters into force. The conclusion of the PSA with the selected company is expected within a 6-month period and the indicative granting deadline is set on 31 October 2019. The exploration period is five years (divided into two phases: three years and two years) and can be extended two times for a period of six months per extension. Upon the expiry of the first exploration phase, the company is required to relinquish 25% of the exploration block. Upon the completion of the second exploration phase, the company is required to relinquish any areas that have not been declared exploitation fields.
On 13 June 2019, the Government of the Republic of Croatia, acting through the Croatian Hydrocarbon Agency (CHA), published Notice 2019/C 197/04 informing on the opening of a tender procedure for the granting of licences for the exploration and exploitation of hydrocarbons in the Dinaric area of southwestern Croatia.