EXPLORATION

ADX Energy farms out Nilde Area

OIL field drilling and operational services company SDP Services has farmed in for a 50% interest in the D363 CR-AX permit license, which contains the Norma and Naila oil discoveries, in offshore Italy from Australian-listed ADX Energy.

Paul Hunt

Under the agreement ADX will remain the operator of the license through its wholly-owned subsidiary Audax, and SDP will fund the work program commitments of up to €20.82 million (A$33.37 million) to earn...

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