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Canada's Vermilion starts drilling for oil and gas in Croatia


Reuters


ZAGREB, June 13 (Reuters) - Canada'sVermilion Energy has begun drilling its first exploration well in Croatia and should have initial results on the presence of oil or gas within five weeks, the Croatian Hydrocarbon Agency (AZU) said on Thursday.

The company will also soon start drilling works on another onshore well in eastern Croatia, AZU, a state agency in charge of gas and oil exploration, said in a statement.

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

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.






This article appears in: Stocks , World Markets , Oil , Commodities



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