Thursday September 24, 2020

Petroceltic transfers Greek exploration rights to partners

Company effectively up for sale as part of strategic review

Barry J Whyte

Chief Feature Writer

30th December, 2015
Tom Hickey, chief financial officer; Robert Adair, chairman; Brian O Cathain, chief executive officer Pic:

Irish oil and gas company Petroceltic has transferred its share of the exploration rights in the Patraikos Gulf in Greece to consortium owned by Hellenic Petroleum and Edison International, according to reports.

The completion of transaction is subject to the approval of the Greek energy ministry.

Greece awarded the concession to explore the Patraikos Gult to a joint Hellenic, Edison, and Petroceltic venture in July 2013.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures

Tom Maguire | 4 months ago

What’s coming up today and what you might have missed

Hannah O’Brien | 9 months ago