On 30 January 2019 the Croatian Hydrocarbon Agency (CHA) reported it is planning the 3nd onshore bidding round. The bid round will consist of four exploration blocks covering a total acreage of 12,134 sq km situated in the Dinaride in southwestern Croatia. The tender is expected to be launched by the end of February 2019.          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   More information are available at the CHA website: www.azu.hr  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.
Croatia, not found