E&P Opportunites in ECE – Licensing History, Foreign Companies’ Experience – Success Cases

P245 E & P OPPORTUNITIES IN ECE - LICENSING HISTORY FOREIGN COMPANIES’ EXPERIENCE: SUCCESS CASES ABSTRACT 1 Introduction 1 One of the consequences of the opening of the former eastern block countries in the early 1990’s was the end of the state monopoly. In order to survive on the international oil & gas market and in the quest for new know-how modern technology and western investment government authorities launched various acreage offerings including technical evaluation prospecting exploration production and enhanced recovery. The aim of this paper is to analyse the licensing opportunities versus E & P results in the Central-Eastern