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 and southeast Europe in a deal CEO Brian O’Cathain calls “very consensual.” (CONTINUED - 1162 WORDS)
