Irena is a conventional gas development located in shallow water in Croatia and is operated by Edina. Discovered in 2006, Irena lies in block North Adriatic (Ivana) and Izabela, with water depth of around 230 feet.
The project is currently in feed stage and is expected to start commercial production in 2024. Final investment decision (FID) of the project will be approved in 2022. The development cost is expected to be $71 m.
Field participation details
The field is owned by Energean and MOL Hungarian Oil and Gas.
Production from Irena
Production from the Irena conventional gas development project is expected to begin in 2024 and is forecast to peak in 2025, to approximately 29 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2074.
Remaining recoverable reserves
The field is expected to recover 20.19 Mmboe, comprised of 121.16 bcf of natural gas reserves.
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.