Vermilion begins drilling in Croatia

Canada’s Vermilion Energy has begun drilling its first exploration well in the Slavonija region of eastern Croatia and should have initial results on the presence of oil or gas within five weeks, the Croatian Hydrocarbon Agency (AZU) has said.

The company will also soon start drilling works on another onshore well in eastern Croatia, AZU also said in the statement.

Vermilion won four licences in 2015 for oil and gas exploration in eastern Croatia.

Croatia produces about 40% of its gas needs but imports around 80% of its oil.

It is currently running two new tenders for oil and gas exploration in the north and in the mountainous southern region. They are open until June 28 and Sept. 10, respectively.

In central Europe, Vermilion is also active in Slovakia and Hungary.

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