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Lithuanian company may be given oil exploration permission in Aizpute and Kuldiga
BC, Riga, 03.11.2016.
Print version
Print versionThe Economics Ministry has drawn up a draft decree to grant Lithuanian company Geobaltic permission to prospect for oil in Laza county, Aizpute region, and Gudenieki county in Kuldiga region, LETA was told at the ministry.
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The draft decree on the designation of a new exploration and extraction area in the western Latvian regions has been drawn up based on an application filed by Geobaltic in September 2016. The Lithuanian company intends to prospect for oil in a 185.17 hectares-large territory.
According to the Economics Ministry's information, the proposed exploration area is located in the perspective part of the Kuldiga hydrocarbon exploration structure, to the southwest of the Kuldiga oil deposit, which was discovered in 1963.
If the Lithuanians find a hydrocarbon deposit of commercial value there and decide to begin oil extraction, the company will first have to carry out an environmental impact assessment.
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