Italy: Northern spuds Po basin exploratory well

By OGJ editors

Northern Petroleum PLC has spudded the La Tosca-1 exploratory well on a 3D seismic prospect on the Longastrino permit near Alfonsine gas field in Italy’s eastern Po Valley basin.

Orca Exploration Group Inc., Tortola, British Virgin Islands, is paying 100% of the well cost to as much as €4.3 million and 70% thereafter for the drilling phase plus back-in costs of €600,000 to earn a 70% interest in the block. Drilling time is expected to be 40 days.

If the well is tested and completed, Orca will earn a further 5% interest by paying 100% of testing costs up to €1.3 million and 75% thereafter.

Related Articles

BOEM proposes central Gulf of Mexico Lease Sale 235

10/16/2014 The US Bureau of Ocean Energy Management (BOEM) has proposed Gulf of Mexico central planning area Lease Sale 235 for March 2015 in New Orleans. BOE...

SOCO to test Lidongo X Marine 101 well offshore Congo (Brazzaville)

10/16/2014 SOCO EPC will test a 20-m interval of tight sandstone in which it has encountered oil in an exploratory well on the Marine XI Block offshore Congo ...

API, other groups see overreach in ESA critical habitat proposals

10/16/2014 Federal proposals to amend portions of the Endangered Species Act would significantly reshape and further complicate the law’s critical habitat pro...

Mountaineer Keystone adds Marcellus assets

10/15/2014 Mountaineer Keystone Energy LLC, Pittsburgh, has completed the acquisition of equity interests in PDC Mountaineer LLC, a 50-50 joint venture PDC En...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected