The agreements grant exploration rights to INA for blocks DR-03, SZH-01 and DI14 for the period of 3 years with the possibility to extend it for another 2 years.

INA published an announcement on the Zagreb Stock Exchange stating that the company has, with reference to the Croatian Government’s decision, signed three onshore exploration and production sharing agreements.

The mentioned agreements grant exploration rights to INA for blocks DR-03, SZH-01 and DI14 for the period of 3 years with the possibility to extend it for another 2 years. In case of commercial discovery further 20 years of petroleum exploitation period will follow.