Oil & Gas

The group has been involved in the oil and gas exploration for more than 30 years. Petrel Resources was established in 1974 and has been active in the Middle East since 1999 and supported by GE (Nuova Pignone), Caterpillar (Solar Turbines), Hanover and the Itochu trading house. Petrel Resources is listed on AIM stock exchange and is currently active in Ireland, the Middle East and Africa. Clontarf Energy is a more recent vehicle having been created in 2011 and listed in April 2011, as a result of amalgamating the assets from Persian Gold and Pan Andean Resources. Clontarf Energy currently has oil & gas interests in Peru, Bolivia & Ghana and continues to explore new opportunities in Africa and South America.

The group has worked closely with Hunt Oil in the USA, as well as YPFB, Repsol-YPF-Maxus and Petrobras in Bolivia.  It developed the 6th largest acreage position in Peru, including developing 3 exploration & development partnerships with CEPSA of Spain and Reliance Industries of India, as well as the Iraqi Ministry of Oil and the state oil companies of Bolivia and Peru. We have operated continuously in Iraq since 1999 and built the surface facilities for a 240,000 barrel a day oil field in Iraq (Subba & Luhais oilfields).

162 Clontarf Road, Dublin 3, Ireland
Ph: +353 1 833 2833
info@162group.com
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