Just Published: "Croatia Oil & Gas Report Q1 2015"

Croatia's Adriatic licensing round has reportedly attracted a number of bids, highlight the upside risk to our forecast from steady upstream investment and an improved regulatory regime. However in the absence of new discoveries, we can continue to forecast a gradual fall in both production and reserves.

The main trends and developments in Croatia's oil and gas sector are:

* Authorities confirmed in November 2014 that six bids were received for 15 blocks released as part of the country's offshore bidding round. Contracts are due to be awarded in Spring 2015 although officials have not yet disclosed firms involved in the bidding process. Major companies including ExxonMobil, Marathon Oil, Total and Eni are said to have earlier expressed interest in Croatia's oil and gas sector.
* Improved licensing and regulatory terms are expected to sustain interest and investment in Croatia's upstream, with the government targeting USD2.5bn in new funding over the next five years. The prospect of new discoveries provides upside risk to our outlook for oil and gas reserves, which are otherwise expected to gradually decline over the course of our forecast period.
* Officials have said future production sharing contracts will be modelled on those offered by successful European producers and that the state-take would be 55...

Full Report Details at
- http://www.fastmr.com/prod/938388_croatia_oil_gas_report_q1_2015.aspx?afid=301

The Croatia Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'s independent forecasts for Croatia including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Croatia Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Croatian oil and gas industry.

Key Benefits

* Benchmark BMI's independent oil and gas industry forecasts for Croatia to test consensus views - a key input for successful budgeting and strategic business planning in the Croatian oil and gas market.
* Target business opportunities and risks in the Croatian oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Croatia.
* Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.

Coverage

BMI Industry View

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