Petroceltic wins Italian offshore exploration permits

Petroceltic International has announced that its wholly owned Italian subsidiary, Petroceltic Elsa Srl, has been granted nine exclusive exploration permits in the central Adriatic offshore Italy.

Included in the awards to Petroceltic are permits d492 and d493, which were subject to a competitive external bid. These interests together with the other seven permits d494 to d500, and Petroceltic’s existing interest in the BR 268RG offshore permit, gives the company access to a near contiguous proven hydrocarbon play fairway of over 2,660 square kilometers along the Apulian Carbonate platform margin offshore Italy.