Exploration firm to lodge headline asset
The Dublin-headquartered company had expected to submit the declaration to the Algerian government earlier this week, but has agreed an extension until Aug 10 with its development partners, Italian utility company Enel and Algerian explorer Sonatrach.
Once the declaration has been lodged, it is up to the Algerian regulators toapprove the project. Isarene/Ain Tsila is comfortably Petroceltic’s lead asset, ranking as the world’s ninth largest gas find upon its discovery two years ago.
