Northern Petroleum gains Italy approvals

16 June 2015, News Wires – London-listed Northern Petroleum has secured environmental approvals on three more exploration permits in the southern Adriatic Sea off Italy to pave the way for a planned seismic shoot.

oil-rigThe sanction of environmental impact assessments on the three tracts follows similar approvals for another two contiguous permits from the Environment and Natural Heritage ministries earlier this month.

The EIA approvals for all five permit applications cover initial work programmes on each tract that include geological studies and the acquisition of up to 1450 line kilometres of 2D seismic.

Chief executive Keith Bush said the aim of the planned seismic survey across the permits, covering a total area of 4500 square kilometres, is to develop further opportunities similar to its Giove oil find and Cygnus exploration prospect in the southern Adriatic.

“With all the southern Adriatic EIAs approved, the company can now work with the Italian authorities to finalise the award of the permits,” he said.

The UK junior has previously stated the seismic effort is intended to high-grade the prospectivity of the blocks ahead of a farm-out campaign.

– Upstream

About the Author