Oil exploration talks

Talks are being held with neighbouring countries on the delineation of the continental shelf, Resources Minister Ninu Zammit told Adrian Vassallo (MLP) when replying to a parliamentary question on oil exploration yesterday. He said that five oil...

Talks are being held with neighbouring countries on the delineation of the continental shelf, Resources Minister Ninu Zammit told Adrian Vassallo (MLP) when replying to a parliamentary question on oil exploration yesterday.

He said that five oil exploration licences were currently valid. Three licence holders were carrying out technical studies and collecting geological information on the areas allocated to them while the other two were in a more advanced stage and were seeking partners to share the risks of drilling exploratory wells. Drilling will start as soon as such partners were found.

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