Petroceltic International PLC (PCI)

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Company Description

Petroceltic International PLC is a company incorporated in Ireland and founded in 2003. It is an oil and gas exploration and production company. The Company operates in four principal reportable segments; development of oil & gas in Algeria; production of oil & gas in Egypt; oil & gas exploration & production in Bulgaria and Romania; and oil & gas exploration in the Kurdistan Region of Iraq. The Company operates in two offshore exploration concessions in the Romanian sector of the Black Sea; it produces gas in Italy and its operated asset in Italy is the Elsa oil discovery, which contains 95MMbbls of gross contingent resources. The Company has 100% operated interest in three producing gas fields and one future development in the Galata concession which is located in shallow water, offshore Bulgaria. The Company also operates in Kurdistan Region of Iraq and onshore Nile Delta, Egypt. The Company provides exploration skills in geology, geophysics, petrophysics, reservoir engineering, petroleum engineering, well design, drilling operations and project management...

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