Irish exploration company Petroceltic is set to lodge the declaration of com-merciality for its headline asset, the Ain Tsila/Isarene gas field in Algeria, to that country’s government early next month.

Dublin-based oil and gas exploration company Petroceltic is expected to achieve formal government approval for the future development of its headline Isarene/Ain Tsila gas field asset in Algeria by the end of July.

PETROCELTIC, the Irish oil and gas exploration company with assets in southern Europe and northern Africa, has reported a further gas find in Algeria, which technically expands the size of its chief asset, the Isarene field.

IRISH exploration company Petroceltic is actively looking at the likes of Tunisia, Egypt, Morocco and Syria in its bid to broaden its portfolio of assets into new markets.

PROVIDENCE Resources has said that its Singleton oil field — which is located on the south coast of England — has the ability to exceed its production target for next year, of 1,000 barrels of oil equivalent per day (boepd).