Rockhopper awarded stake in Croatian block

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Rockhopper Exploration has been awarded a 40% share in an offshore block in Croatia in a partnership deal with Eni.

Block 9 is located in shallow waters of the Northern Adriatic gas province and contains the previously discovered Ksenija accumulation along with the Klaudija prospect.

The company said the anticipated work programme consists of seismic acquisition, processing and re-processing during the first exploration phase, with the drilling of a well in the second exploration phase.

Sam Moody, chief executive of Rockhopper, said: “We are delighted to be partnering with the leading international producer in Croatia as we build our position in our second core area of the greater Mediterranean region following the acquisition of MOG.

‚ÄúThis represents an outstanding low cost opportunity to increase our acreage position in an area with proven hydrocarbons.”

In addition to Block 9, Rockhopper has also applied for acreage in the first offshore licensing round in Montenegro.

The outcome of the application is expected during the first quarter of the year.