Exploration picks up off several countries in the Mediterranean

07/18/2005
Recent events point toward acceleration of exploration off several countries in the central and eastern Mediterranean Sea.Anadarko Petroleum Corp., Houston, took a farmout from Pancontinental Oil & Gas NL (Pancon), Perth, to explore Pancon’s offshore Malta exploration study area.MedOil PLC, London, was awarded an exploration study area north of Malta. Medoil and TGS-NOPEC Geophysical Co., Oslo, plan to acquire 3D seismic data later this year over a previous oil discovery on a block off Tunisia near Malta and Libyan waters.ENI SPA, Milan, and partners are near start-up of Bahr Essalam oil and gas-condensate field off Tripoli as part of a megaproject in which Wafa oil and gas-cond...
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