LONDON -- Northern Petroleum (UK) has applied to Italian authorities for Shell Italia E&P to take on operatorship of six exploration permits offshore Sicily.
The G.R17.NP, G.R18.NP, G.R19.NP, G.R20.NP, G.R21.NP, and G.R22.NP concessions are in the thrust and fold belt to the west of Sicily. The transfer – Northern acted as operator during the seismic acquisition phases – would allow Shell to progress work required to apply for drilling approvals. The joint venture currently is finalizing subsurface evaluation.
Under the terms of the farm-in agreement Shell holds 55% in G.R17.NP, G.R18.NP, G.R19.NP, and 70% in G.R20.NP, G.R21.NP, and G.R22.NP, with Northern holding the remaining equity interest in the permits.
Shell nominated as Sicily operator