Energean announces that it, alongside its partner INA – INDUSTRIJA NAFTE d.d. (“INA”), have taken Final Investment Decision (“FID”) for the development of the Irena gas field, offshore Croatia.

Energean has a 70% working interest (“W.I.”) in the project. The development plan is for a single platform tie-back to the existing infrastructure at the Izabela field. First gas is expected in H1 2027.

Francesco Federici, Energean’s Croatia Country Manager, stated:
“We are thrilled to move forward with the development of the Irena gas field. This FID underscores Energean’s commitment to advancing natural resource development in Croatia and the wider Adriatic region. This is a strategic investment and we extend our gratitude to our partner, INA, for their fruitful collaboration over the years and look forward to continued success together.”

Josip Bubnić, Operating Director of Exploration and Production at INA, stated:
“The decision to invest in the development of the Irena gas field is another important step in advancing our strategy of strengthening domestic oil and gas production and ensuring Croatia’s long-term energy security. We are investing with a clear vision – to enhance energy supply security and maintain our leadership position in the region.”

KeyFacts Energy: Energean Croatia country profile