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MOL, INA find gas at joint exploration project in Croatia

Hungarian oil and gas company MOL and its Croatian unit INA have found gas in a joint exploration project near Croatia's border with Hungary, INA said.

Measurements at a well on the Croatian side of the area at a depth of 3,170 meters indicated gas flow of 370,000m3/day and some condensate, confirming commercial gas reserves, INA said.

MOL and INA started exploring the Drava Basin on the Hungarian-Croatian border in 2006. The companies agreed to split the costs and production 50-50.

MOL owns 47% of INA and the Croatian government holds 44%. (MTI – Econews)