INA registered the new well with the Croatian Hydrocarbon Agency (CHA), which was discovered in the vicinity of INA's exploitation fields in Molve, Kalinovac and Ferdinandovac in northeast Croatia.
The depth of the bore well is 3,410 metres and INA has conducted all these activities within the framework of approved programmes, INA said in a press release.
INA's Operating Director of Exploration and Production Tvrtko Perkovic said that he was pleased with the positive result at the Severovci-1 well because it confirms the quality, know-how and experience of INA's experts.
"Croatia is our most important area for exploration and production of oil and gas and our aim is to start production of all the existing capacities in the country. We are interested in further investing in exploration activities that could lead to discoveries and consequently production and that refers to smaller hydrocarbon basins too," Pekovic said.