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Northern Petroleum awarded license offshore Sicily


Published Apr 16, 2009
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Northern Petroleum in Italy

Northern Petroleum says that its wholly owned subsidiary, Northern Petroleum (UK) Limited (Northern), has been advised of the preliminary award of offshore Italian licence d351C.R-.NP, covering 100 km². Northern has been invited to prepare the required environmental impact study which work will now commence.

The award is adjacent to offshore licence C.R146.NP, close to the Maltese maritime boundary. The licence includes an extension to an existing mapped prospect within C.R146.NP.

Northern holds a 100% interest in the licence, but a subsidiary of ATI Oil Plc, in which Northern holds a 37.04% equity interest, has a 50% pari passu commercial interest in the licence.

Tags: Northern Petroleum



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