LONDON -- Northern Petroleum and Shell Italia E&P are acquiring a 3D seismic survey offshore Sicily. Shell will fund the prospect-defining program in the joint venture area which covers the G.R17.NP, G.R18.NP, G.R19.NP, G.R20.NP, G.R21.NP, and G.R22.NP licenses. A 2,300-km (1,429-mi) 2D survey was recorded over the license area earlier this year.
Under the terms of the farm-out agreement, Shell holds 55% in G.R17.NP, G.R18.NP, and G.R19.NP; and 70% in G.R20.NP, G.R21.NP, and G.R22.NP. Northern will continue as the operator during the seismic phase and Shell will assume operatorship for the drilling phase.
Northern Petroleum, Shell to acquire offshore Sicily seismic
Northern Petroleum and Shell Italia E&P are acquiring a 3D seismic survey offshore Sicily.