Northern Petroleum expands offshore Sicily

Northern Petroleum (UK) has been awarded two new permits, d25G.R-.NP and d26G.R-.NP, expanding its position in the Apennine-Maghreb Thrust Belt offshore Sicily.
July 31, 2009

Offshore staff

LONDON-- Northern Petroleum (UK) has been awarded two new permits, d25G.R-.NP and d26G.R-.NP, expanding its position in the Apennine-Maghreb Thrust Belt offshore Sicily.

The awards, which cover a total of 897 sq km (346 sq mi), are adjacent to six permits offshore Sicily held jointly with Shell. The licenses are also close to another Northern preliminary award, d21G.R-.NP.

“The Thrust Belt is one of four core areas offshore Italy that contain some of the greatest medium- and long-term growth potential for the company,” says Derek Musgrove, MD of Northern Petroleum. “We have already mapped several prospects of a billion barrels plus.”

07/31/2009

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