Intrabasin ridge trend offers new possibilities off Malta

Recent work by MedOil PLC and its technical advisor Exploration Consultants Ltd. has identified a new play in the Mediterranean Sea off northwestern Malta, and the area has the potential to become a major hydrocarbon province. Click here to enlarge imageAs outlined below, all the key geological elements are present. Further the region can be said to be the southern extension of the oil producing Ragusa basin in onshore and offshore southern Sicily (Fig. 1).Past oil exploration in Malta has been disappointing from the initial effort of BP/D’Arcy in the 1950s to an ENI SpA well in 2002.Through the evaluation of over 5,600 km of seismic profiles and information from six exploration we...

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