Following Ratio Petroleumâs relinquishment of Area 5 in May 2019, the Government of Malta published a notice in the Official Journal of the European Union of 1 August 2019 inviting interested companies to apply for either an exploration license or an exploration and production license covering the blocks.  Area 5 covers 8,720-sq km southwest of Malta in the Pelagian Basin. Ratio Malta, a wholly-owned subsidiary of Ratio Petroleum, held an Exploration Study Agreement (ESA) for the block between 2015 and 2019. The company acquired 740 sq km of 3D seismic in the permit in 2016.  For further information please contact:  Director General of the Continental Shelf Department  Office of the Prime Minister  Block F, Antonio Maurizio Valperga Street  Floriana, FRN 1700, Malta   dgcs.opm@gov.mt  www.continentalshelf.gov.mt
Following Ratio Petroleumâs relinquishment of Area 5 in May 2019, the Government of Malta published a notice in the Official Journal of the European Union of 1 August 2019 inviting interested companies to apply for either an exploration license or an exploration and production license covering the blocks. Area 5 covers 8,720-sq km southwest of Malta in the Pelagian Basin.