Italy

Offshore gas exploration in the Strait of Sicily ​

ADX has high graded five gas prospects which are considered low risk since they are simple 4-way dip anticline closures each featuring a seismic amplitude response which can be an indication of the presence of gas.

Italy

The Italian licensing authorities have recently offered ADX the opportunity to ratify its’ licence held within the Sicily Channel, offshore Italy. The ratification is subject to a number of conditions including that only the gas potential within its d363C.R-.AX license is commercially exploited. Technical work undertaken by ADX has highlighted the excellent shallow gas prospectivity of the shallow water license.

The license area offers potential for highly attractive gas exploration supported by a combination of an attractive fiscal regime, low exploration risk, shallow water and a large unsatisfied gas demand in Italy and Europe.

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