Annual Report & Accounts 2013

 

Statement of Licence Holdings


Petroceltic

Petroceltic

 

 

Participating

Paying

 

 

Country

Permit/PSC

interest (%)

interest (%)

Operator

Other partners

 

 

 

 

 

 

Algeria

Isarene PSC

56.625%*

56.625%*

Petroceltic

Sonatrach, Enel Trade S.p.A

Egypt

Qantara Development Lease

100%

100%

Petroceltic

N/A

Egypt

South Mansoura Development Lease

100%

100%

Petroceltic

N/A

Egypt

El Tamad Development Lease

100%

100%

Petroceltic

N/A

Egypt

Al Rawda Development Lease

100%

100%

Petroceltic

N/A

Egypt

Tummay-Turbay Development Lease

100%

100%

Petroceltic

N/A

Egypt

West Dikirnis Development Lease

100%

100%

Petroceltic

N/A

Egypt

West Al Khilala Development Lease

100%

100%

Petroceltic

N/A

Egypt

South Zarqa Development Lease

100%

100%

Petroceltic

N/A

Egypt

Mansoura (South Batra) Development Lease

100%

100%

Petroceltic

N/A

Egypt

Damas Development Lease

100%

100%

Petroceltic

N/A

Egypt

North East Abu Zahra Development Lease

100%

100%

Petroceltic

N/A

Egypt

East Abu Khadra Development Lease

100%

100%

Petroceltic

N/A

Egypt

North Dikirnis Development Lease

100%

100%

Petroceltic

N/A

Egypt

South Al Khilala Development Lease

100%

100%

Petroceltic

N/A

Egypt

South Damas Development Lease

100%

100%

Petroceltic

N/A

Egypt

West Zahaira Development Lease

100%

100%

Petroceltic

N/A

Egypt

West Abu Khadra Development Lease

100%

100%

Petroceltic

N/A

Egypt

East Dikirnis Development Lease

100%

100%

Petroceltic

N/A

Egypt

South East Mansoura Exploration Concession

100%

100%

Petroceltic

N/A

Egypt

El Qa’a Plain

37.5%

37.5%

Dana Petroleum

Beach Energy

Egypt

North Thekah

50%

50%

Edison

N/A

Egypt

South Idku

75%

75%

Petroceltic

Edison


*Upon farm-out completion to Sonatrach participating and paying interest will reduce to 38.25%

 

 

Petroceltic

Petroceltic

 

 

 

 

Participating

Paying

 

 

Country

Permit/PSC

interest (%)

interest (%)

Operator

Other partners

 

 

 

 

 

 

Bulgaria

Galata Production Concession

100%

100%

Petroceltic

N/A

Bulgaria

Kavarna Production Concession

100%

100%

Petroceltic

N/A

Bulgaria

Kaliakra Production Concession

100%

100%

Petroceltic

N/A

Bulgaria

Kavarna East Production Concession

100%

100%

Petroceltic

N/A

Bulgaria

Galata Exploration Concession

100%

100%

Petroceltic

N/A

Romania

EX-27 Muridava

40%

40%

Petroceltic

Sterling Resources Limited, Petromar Resources SA

Romania

EX-28 Est Cobalcescu

40%

40%

Petroceltic

Beach Energy Limited, Petromar Resources SA

Italy- Adriatic Sea

B.R268.RG permit

40%

60%

Petroceltic

Cygam Energy S.p.A*

Italy- Adriatic Sea

B.R270 permit

100%

100%

Petroceltic

Italy- Adriatic Sea

B.R271 permit

100%

100%

Petroceltic

Italy- Adriatic Sea

B.R272 permit

100%

100%

Petroceltic

Italy- Po Valley

Carisio permit

47.50%

47.50%

Eni S.p.A

Societá Costruzione Condote Srl

Italy- Po Valley

Ronsecco permit

100%

100%

Petroceltic

N/A

Kurdistan Region of Iraq

Dinarta PSC

16%

20%

Hess Corporation

The Kurdistan Regional Government of Iraq

Kurdistan Region of Iraq

Shakrok PSC

16%

20%

Hess Corporation

The Kurdistan Regional Government of Iraq

Greece

Patraikos

33%

33%

Hellenic

Edison

France

Rhone Maritime exploration permit

100%

100%

Petroceltic

N/A

Ireland

Kinsale Royalty

25% of Royalty

0%

Kinsale Energy

Statoil Exploration

*Under a 2009 agreement between Petroceltic and Cygam Energy S.p.A, Petroceltic increased its interest to 70% subject to the drilling of the Elsa well. In addition, an agreement is in place to make Orca Exploration Group Inc partners on this licence and this is subject to completion of the farm-in agreement. Excluding both farm-in arrangements, the Petroceltic participating and paying interest is 60% and 40% respectively. On conclusion of both farm-out arrangements, Petroceltic will retain a 55% interest.