Legal framework for exploration and exploitation

As a result of change in economic environment and higher interest of foreign investors, in order to enable a higher level of legal security and flexibility during realization of investors' business interests, it was necessary to regulate the procedures of exploration and exploitation of hydrocarbons in a manner defined and genarally accepted worldwide.

In order to attract investments in exploration and exploitation of hydrocarbons in the Republic of Croatia, the Government of Croatia has adopted new Mining Act (Official Gazette 56/13 and 14/14) and Act on exploration and exploitation of hydrocarbons (Official Gazette 94/13 and 14/14), which regulate all activities regarding exploration and exploitation of hydrocarbons, and which are in compliance with all EU directives and the best practices used in countries experienced in the exploration and exploitation of hydrocarbons.

Having adopted Act on exploration and exploitation of hydrocarbons, Government of Croatia has also adopted Act on Establishment of the Hydrocarbon Agency (Official Gazette 14/14) as a regulatory the institution in charged for monitoring activities during exploration and exploitation of hydrocarbons in compliance with best practices and in accordance with its authorities under the Act on Establishment of the Hydrocarbon Agency.

In order to achieve the greatest benefits for the Republic of Croatia, the Decree on Fees for exploration and production of hydrocarbons has also been adopted.

Exploration and exploitation of hydrocarbons in the Adriatic have to be conducted in compliance with Decree on main technical requirements on safety and security of offshore exploration and production of hydrocarbons in the Republic of Croatia (Official Gazette 52/10).

Act on the Exploration and Production of Hydrocarbons (Official Gazette 55/18)

Act on exploration and production of hydrocarbons

Safety offshore act

Decree on fees for exploration and production of hydrocarbons

Decree on main technical requirements on safety and security of offshore exploration and production of hydrocarbons in the Republic of Croatia

Kontakt
Željka Rukavina