About Us

Petrel Resources is an Irish based exploration and production company with a focus on Ireland. The Company was founded in 1980’s, and listed on the London Stock Exchange’s Alternative Investment Market (AIM) in August 2000. 

Petrel’s initial objective was to become an Iraqi oil producer. However, due to the political situation nothing is possible, the ratification of licences has slowed down. Petrel is a 30 per cent holder, through a local Ghanaian registered company, in a high potential licence application in the Tano Basin, Ghana, close to Tullow’s recent find. The company has also returned to its roots; improved fiscal terms and new technology has meant offshore Ireland, once again, is been reviewed as a high potential prospect. 

Petrel initial objective was to be an Iraqi oil producer.  However, ongoing political and security turbulence make this impractical.  Contracts awarded by the Iraqi Government are "technical service contracts", which do not presently provide an economic rate of return.  Efforts by individual Governates have not been approved by the Iraqi Government.

THIS PAGE WAS LAST UPDATED ON 12 MARCH 2018

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