In January 2015, Rockhopper was awarded a 40% interest in offshore Block 9 in Croatia in partnership with Eni (60% interest and operator).
The block is located in the relatively shallow water of the prolific Northern Adriatic gas province and contains the previously discovered Ksenija accumulation along with the Klaudija prospect. The anticipated work programme consists of seismic acquisition, processing and reprocessing during the first exploration phase (three years) with the drilling of a well in the second exploration phase (if Rockhopper elects to proceed to the second phase).
Given the general elections in Croatia in November 2015 and September 2016, significant delays have been experienced in the signing of a PSA with the CHA. Rockhopper is in discussions with the CHA to understand the status of the Block award and options going forward.
At a glance
- 40% working interest