{"id":9290,"date":"2025-06-30T14:28:17","date_gmt":"2025-06-30T13:28:48","guid":{"rendered":"https:\/\/geoexplorationlimited.com\/staging\/?page_id=9290"},"modified":"2025-09-08T14:42:37","modified_gmt":"2025-09-08T13:42:37","slug":"offshore-adriatic-exploration","status":"publish","type":"page","link":"https:\/\/geoexplorationlimited.com\/staging\/our-projects\/offshore-adriatic-exploration\/","title":{"rendered":"Offshore Coast, Italy"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row full_width=&#8221;stretch_row&#8221; css=&#8221;.vc_custom_1750754787225{margin-top: -40px !important;padding-top: 110px !important;padding-bottom: 100px !important;background-color: #E7AA04 !important;}&#8221;][vc_column]<div id=\"cz_38616\" class=\"cz_38616 cz_title clr cz_title_ba_line cz_title_pos_inline hide_on_mobile\"><div class=\"cz_title_content\"><div class=\"cz_wpe_content\"><h1><span style=\"font-size: 42px;\">Offshore Adriatic Coast, Italy<\/span><\/h1>\n<\/div><div class=\"cz_title_line cz_line_after_title\"><span>_<\/span><\/div><\/div><\/div><div id=\"cz_33958\" class=\"cz_33958 cz_title clr cz_title_ba_line cz_title_pos_inline hide_on_desktop hide_on_tablet show_on_mobile\"><div class=\"cz_title_content\"><div class=\"cz_wpe_content\"><h1><span style=\"font-size: 22px;\">Offshore Adriatic Coast, Italy<\/span><\/h1>\n<\/div><div class=\"cz_title_line cz_line_after_title\"><span>_<\/span><\/div><\/div><\/div>[\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; css=&#8221;.vc_custom_1750766079644{padding-top: 50px !important;background-color: #F5F5F5 !important;}&#8221;][vc_column css_animation=&#8221;slideInLeft&#8221; width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1751287168365{padding-right: 20px !important;padding-left: 20px !important;}&#8221;]<div id=\"cz_70426\" class=\"cz_70426 cz_title clr cz_title_ba_line cz_title_pos_inline\"><div class=\"cz_title_content\"><div class=\"cz_wpe_content\"><h2><span style=\"color: #000000; font-size: 20px;\">Introduction<\/span><\/h2>\n<\/div><div class=\"cz_title_line cz_line_after_title\"><span>_<\/span><\/div><\/div><\/div><div class=\"cz_gap clr \" style=\"height: 33px\"><\/div><ul id=\"cz_51330\" class=\"cz_51330 cz_stylish_list clr cz_sl_icon_hover_none\"><li class=\"clr\"><div class=\"cz_sl_icon\"><i class=\"fa czico-132-arrows-8 mr10\"><\/i><\/div><div><span>GEO submitted applications for 4 permits in the southern Adriatic in Q3 2013.<\/span><\/div><\/li><li class=\"clr\"><div class=\"cz_sl_icon\"><i class=\"fa czico-132-arrows-8 mr10\"><\/i><\/div><div><span>Blocks are contiguous with Cabot Energy\u2019s applications\/blocks to the south and adjacent to the median lines with Albania, Croatia and Montenegro. Multiple play types for oil and gas.<\/span><\/div><\/li><li class=\"clr\"><div class=\"cz_sl_icon\"><i class=\"fa czico-132-arrows-8 mr10\"><\/i><\/div><div><span>Multiple play types for oil and gas.<\/span><\/div><\/li><li class=\"clr\"><div class=\"cz_sl_icon\"><i class=\"fa czico-132-arrows-8 mr10\"><\/i><\/div><div><span>Proven hydrocarbon basin: Aquila field; Giove, Medusa, Falco & Rovesti discoveries.<\/span><\/div><\/li><li class=\"clr\"><div class=\"cz_sl_icon\"><i class=\"fa czico-132-arrows-8 mr10\"><\/i><\/div><div><span>Appeals were lodged by various interested bodies against the Environmental Decrees granted for the 4 applications in 2016 and 2017. Most of the appeals were rejected with the exception of 1, which was referred to the European Court.<\/span><\/div><\/li><li class=\"clr\"><div class=\"cz_sl_icon\"><i class=\"fa czico-132-arrows-8 mr10\"><\/i><\/div><div><span>In January 2022, the European Court found, in effect, that the Company\u2019s four Permit Applications do not contravene EU law. However, the Court makes that finding subject to two conditions: first, such a grant must be capable of ensuring the best possible exercise of the exploration activity concerned, from both a technical and economic point of view, and the achievement of the objectives pursued by Directive 94\/22. Second, in the context of the environmental impact assessment, the national legislation must take into account the cumulative effect of projects likely to have significant effects on the environment, presented by that operator in its applications for hydrocarbon exploration permits. Accordingly, GEO intends to consult with its advisers regarding the best way forward.<\/span><\/div><\/li><li class=\"clr\"><div class=\"cz_sl_icon\"><i class=\"fa czico-132-arrows-8 mr10\"><\/i><\/div><div><span>A moratorium on hydrocarbon exploration activities in Italy expired in the latter part of 2021. GEO is advised that the Commission appointed by the Government in parallel with the moratorium has completed its deliberations and that the Hydrocarbon Plan for future exploration and development (known as PITESAI) will be published shortly.<\/span><\/div><\/li><\/ul><div class=\"cz_gap clr  hide_on_mobile\" style=\"height: 50px\"><\/div><div class=\"cz_gap show_on_mobile clr\" style=\"height: 5px\"><\/div>[\/vc_column][vc_column css_animation=&#8221;slideInRight&#8221; width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1751287179935{padding-right: 20px !important;padding-left: 20px !important;}&#8221;][vc_row_inner][vc_column_inner offset=&#8221;vc_hidden-xs&#8221;]<div class=\"cz_gap clr  hide_on_tablet hide_on_mobile\" style=\"height: 130px\"><\/div><div class=\"cz_gap show_on_tablet clr  show_only_tablet\" style=\"height: 0px\"><\/div><div class=\"cz_gap show_on_mobile clr\" style=\"height: 0px\"><\/div>[vc_single_image image=&#8221;9754&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; style=&#8221;vc_box_shadow_border&#8221; css=&#8221;&#8221;][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner offset=&#8221;vc_hidden-lg vc_hidden-md vc_hidden-sm&#8221;][vc_single_image image=&#8221;9754&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; style=&#8221;vc_box_shadow_border&#8221; css=&#8221;&#8221;]<div class=\"cz_gap clr  hide_on_mobile\" style=\"height: 50px\"><\/div><div class=\"cz_gap show_on_mobile clr\" style=\"height: 5px\"><\/div>[\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; css_animation=&#8221;slideInLeft&#8221; css=&#8221;.vc_custom_1751537512808{background-color: #E7AA04 !important;}&#8221;][vc_column css=&#8221;.vc_custom_1751295578584{background-color: #E7AA04 !important;}&#8221;]<div class=\"cz_gap clr \" style=\"height: 25px\"><\/div><div id=\"cz_103247\" data-disable-comma=\"\" data-duration=\"2000\" data-delay=\"1000\" class=\"cz_103247 cz_counter clr tac cz_2rows\"><div class=\"\"><span class=\"cz_counter_num_wrap\"><span class=\"cz_counter_num\">4<\/span><\/span><span class=\"cz_counter_after\">Permit Applications<\/span><\/div><\/div>[\/vc_column][\/vc_row][vc_row][vc_column]<div class=\"cz_gap clr \" style=\"height: 40px\"><\/div>[\/vc_column][\/vc_row][vc_row][vc_column][vc_separator color=&#8221;custom&#8221; css=&#8221;&#8221; accent_color=&#8221;#E7AA04&#8243;]<div class=\"cz_gap clr  hide_on_mobile\" style=\"height: 20px\"><\/div><div class=\"cz_gap show_on_mobile clr\" style=\"height: 5px\"><\/div>[\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row full_width=&#8221;stretch_row&#8221; css=&#8221;.vc_custom_1750754787225{margin-top: -40px !important;padding-top: 110px !important;padding-bottom: 100px !important;background-color: #E7AA04 !important;}&#8221;][vc_column][\/vc_column][\/vc_row][vc_row &#8230; <\/p>\n","protected":false},"author":1,"featured_media":0,"parent":8480,"menu_order":4,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-9290","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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