• 3 minutes UAE says four vessels subjected to 'sabotage' near Fujairah port
  • 6 minutes Why is Strait of Hormuz the World's Most Important Oil Artery
  • 8 minutes OPEC is no longer an Apex Predator
  • 12 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 1 hour Australian Voters Reject 'Climate Change' Politicians
  • 8 hours Australia Election Summary: "This was the Climate Change Cult Election, and the Climate Change Cult Lost"
  • 34 mins Shale to be profitable in 2019!!!
  • 12 hours Canada's Uncivil Oil War : 78% of Voters Cite *Energy* as the Top Issue
  • 2 hours Global Warming Making The Rich Richer
  • 16 hours IMO2020 To scrub or not to scrub
  • 16 hours California Threatens Ban on ICE Cars
  • 16 hours China Downplays Chances For Trade Talks While U.S. Plays ‘Little Tricks’
  • 2 mins Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 2 hours Shell ‘to have commercial wind farms’ by early 2020s
  • 8 hours Misunderstanding between USA and Iran the cause of current stand off, I call BS
  • 16 hours Wonders of Shale- Gas,bringing investments and jobs to the US
  • 8 hours DUG Rockies: Plenty Of Promise, Despite The Politics
  • 12 hours Some Good News on Climate Change Maybe

Malta: The Strategic, Painless Next Big Venue

Malta, in the heart of the Mediterranean, hasn’t made that one major find to make commercial extraction viable just yet, but it’s only a matter of time--and the low-level security and political risk make this venue a haven for prospective investors looking for the next big offshore opportunity.

Israeli finds in the Mediterranean’s Levant Basin provide us with enough of a prospective geological backstory here to spark interest in Malta. And when you consider the Malta’s offshore area is 150 times the size of its onshore territory—and larger than Israel’s continental shelf—the prospects suddenly widen.

We’re also keen on taking cue from investor darling, Anglo-Turkic Genel Energy Plc, which is banking on a big find offshore Malta.

Malta is a good venue even for the juniors, particularly because the risk is so much lower compared to other venues. Genel acquired a 75% interest in four offshore blocks in Malta in 2012, and in a recent interview with Oilprice, the company’s CEO, Tony Hayward (of BP fame), told us a bit about why Genel is optimistic about the venue.

“As with all of our acreage [it’s about] geology. As we have expanded outside Africa we have targeted opportunities to take material interests in high impact prospects, with the potential for field sizes of at least 250 million bbls. Malta and Morocco both fall firmly in these categories and, while expectations are dangerous…




Oilprice - The No. 1 Source for Oil & Energy News