Northern Petroleum announced that Shell Italia has initiated a local engagement programme in relation to the Cascina Alberto permit, onshore northern Italy.
The programme is being undertaken in advance of the submission of an Environmental Impact Assessment necessary to conduct a geophysical survey, and includes up to 200 meetings with local authorities, communities and stakeholders to gather information and opinion to assist with the EIA submission. Field work for the seismic survey is expected to begin in 2018 following approval of the EIA. Northern Petroleum owns a 20% non‐operated working interest and is carried for the seismic acquisition up to a gross cost of $4 million.
Northern Petroleum was awarded the permit in July 2014 and, after being approached by Shell, completed the farm out in early 2015. Shell acquired 80% of the permit and operatorship for $4.9 million gross cost.
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