Sicily drill decision imminent
Offshore staff
LONDON --Northern Petroleum and its partner Shell Italia will decide before end-March whether to drill in their Thrust and Fold Belt permits offshore Sicily.
Permits CR146 has a prospect with estimated resources of 1 Bbbl-plus.
Northern adds that the CR147 permit has been made more attractive by ADX Energy’s recent announcement of the Lambouka in nearby Tunisian waters.
The farm-out process for both permits continues.
12/28/2010