ALGERIA/EGYPT
Petroceltic Eyes Algerian And Egyptian Expansion
Irish independent Petroceltic is eyeing an eventual doubling of production at its key Algerian discovery as well as a near-term farm down. The company also has ambitious Egyptian exploration plans.
Petroceltic completed the takeover of UK firm Melrose on 11 October – uniting Petroceltic’s massive undeveloped Ain Tsila gas find in Algeria with Melrose’s mature production in Egypt...
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