Tag: Pennine

Albania terminated PSA with Pennine – Albania, 02 May 2019

Albanian Ministry of Infrastructure and Energy decided to terminate production shared agreement (PSA) signed between state-owned Albpetrol and Canadian Pennine Petroleum Corporation for the Velca block. The statement from the Ministry said that the agreement was terminated because Pennine failed Full article available for subscribers of Energy NEWS service (PDF publications, energy news, analyses, power […]

Pennine seeking partner for Velca block – Albania, 1 August 2018

Canadian Pennine Petroleum Corporation said that it has established a data room available to potential partners who are planning to participate in production sharing agreement for the Velca block in Albania. CEO of Pennine Petroleum Desmond Smith said that the virtual data room contains all the geological and geophysical data, adding that so far, five […]

Pennine to start drilling in Velca block in Q3 2018 – Albania, 23 February 2018

Canadian Pennine Petroleum Corporation announced that it expects to start initial drilling of the well in Velca block in early third quarter of 2018. The statement from the company also said that it expects to determine the exact location of its first well within Velca block in the next six weeks after a complete integration […]