Wanted: Oil well partner

Mediterranean Oil and Gas is seeking a partner to fund its share of an exploratory oil well it intends to drill south of Malta next year. The well is expected to cost about $30 million. It will be drilled in an area dubbed Ħaġar Qim, which is analogous...

Mediterranean Oil and Gas is seeking a partner to fund its share of an exploratory oil well it intends to drill south of Malta next year.

The well is expected to cost about $30 million. It will be drilled in an area dubbed Ħaġar Qim, which is analogous to the Ashtart Field in Tunisia and the Intisar fields in the Sirté Basin of Libya, according to international media reports.

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