Petroceltic starts drilling in Donegal
Wednesday, August 23rd 2006
Petroceltic has started drilling at the Inishbeg exploration well off Donegal.
The exploration well is located in offshore Ireland Block 13/12, approximately 75 kms off the northwest coast of Ireland. It is designed to target a gas prone, large but shallow structure at Triassic reservoir level.
The Operator, Lundin Petroleum BV, estimates Well operations to last for approximately one month.
Petroceltic has a 16.25% interest in the licence.
© The Sunday Business Post
