Project Profile
Location: Basilicata region, southern Italy
Area: 165.04 km2 (40,781 acres)
Water Depth: 1,600 metres
The permit is 165.04 km2 in size (40,781 acres) and is located in the Basilicata region of southern Italy. The block was officially awarded on September 8, 2005, for a six-year initial term. Requirements to hold this permit consist of purchasing and reprocessing of approximately 80 km of existing seismic data, acquisition of an additional 40 km of seismic lines and election to drill a well to a total vertical depth of 1,600 metres.
Operators:
Zenith Energy: Operator with 57.14% interest (acquired from Mediterranean Oil and Gas)
CYGAM: 42.86% interest (declared bankruptcy in 2015)