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RSS Feed Business27. 07. 12. - 09:00
INA discover 2 new oil reservoirs in Croatia
Croatian Times
Croatian oil company INA has discovered two new oil reservoirs near the town of Ivanic Grad in northern Croatia, reports daily newspaper Vecernji list.
The new reservoirs were located near Velika Hrastilnica (Sisak-Moslavina County), which is part of the Zutica fields, one of the oldest and richest INA sites in continental Croatia.
It is estimated that oil from the new sites could earn INA up to 50 million USD a year.
Oil has been produced for decades from the Zutica site and it was long thought that all local reserves had been discovered. INA's research strategy has proved to be successful as daily production from the new reservoir could yield around 230 cubic meters of oil, which equates to around 1400 barrels, for the next 25 years.
Tag cloud reservoirs oldest Vecernji equates production reserves newspaper meters estimated continental barrels Croatia cubic Grad Zutica Ivanic strategy reservoir proved yield
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