Our operations in Malta
- Interest: Genel Energy 75% (Mediterranean Oil & Gas 25%)
- 4 contiguous offshore blocks in Area 4
- Libya Sirte Basin extension
- Gross acreage 5,700 square km
In 2012, Genel acquired a 75% participating interest in Mediterranean Oil and Gas Plc’s (MOG) licence interests in Area 4 (Blocks 4,5,6 and 7) in offshore Malta – blocks where the maritime border has been agreed and internationally recognised with Libya. The blocks, which lie to the south of Malta, are within the Medina Bank area in water depths of around 500m.
Hydrocarbon production has been established in adjacent areas for several decades with the Area 4 block having considerable exploration potential. Genel’s blocks are anticipated to be geologically similar to the producing areas of the Libya Sirte Basin and Tunisia.
3D seismic has been shot and interpreted which has identified a number of plays and several prospects have been defined in each play type.
The Hagar Qim prospect commenced drilling in May 2014, was drilled to the Eocene and plugged and abandoned with no indication of hydrocarbons.
Preliminary Results 2013