Northern Petroleum announced that the environmental impact assessments (EIA) for its three remaining exploration permit applications in the southern Adriatic have been approved. These approvals are in addition to the two EIA approvals for exploration permit applications announced on 10 June 2015.
The EIA approvals have been received from the Ministries of the Environment and National Heritage and the final requirement for these applications to become exploration permits is decree by the Ministry of Economic Development.
The EIA approvals across all five exploration permit applications cover the initial work programs on the permits, which include regional geological studies and the acquisition of up to 1450 line-km of 2D seismic data.
"With all the southern Adriatic EIAs approved [Northern Petroleum] can now work with the Italian authorities to finalize the award of the permits. Once received, a full 2D seismic program will be designed to evaluate the potential of [Northern Petroleum’s] 4500sq km of contiguous permits and develop further opportunities similar to the Giove discovery and Cygnus exploration prospect," said Keith Bush, CEO of Northern Petroleum.
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