San Leon pulls out of Italy permits

Offshore staff

DUBLIN, Ireland – San Leon Energy has opted to relinquish two permits offshore Sicily.

The company took this decision following the publication in mid-2010 of a new Italian Environmental Law. This introduced restrictions on oil and gas exploration within five nautical miles of the coast and 12 nautical miles of any protected environmental area.

As a result, San Leon says it would not have gained approvals to drill exploration or appraisal wells in two permit areas, D.352 CR-SL (Narciso) and D.354 CR-SL (Sciacca).

It has notified the Italian authorities of its withdrawal, which should come into effect on publication of a notice in the official Italian Ministerial Gazette, B.U.I.G.

06/24/2011



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...