Petroceltic to tighten focus on Egypt, Algeria gas

摘要

Petroceltic will reorganize its corporate structure to enhance its focus on core assets in Algeria and Egypt, the Irish independent said Thursday. While low oil prices were not expected to have a major impact on first-half revenues, they had caused the company to tighten its focus on production and development assets, on optimizing production volumes and costs while “actively managing activities and capital expenditures” on the Ain Tsila project in Algeria to secure first gas production in 2018, Petroceltic said in an operational update.