Zenith Energy Ltd. focuses on the acquisition and development of onshore oil and gas fields. The Company's oil and gas reserves are located in Argentina, Azerbaijan and Italy. The Company's products include light and medium oil, including solution gas and other byproducts; heavy oil, including solution gas and other byproducts, and natural gas, including byproducts. The Company's oil wells are located onshore in two oil fields: Alberto and Don Ernesto, Chubut Province of Argentina. There are approximately 20 producing oil wells and over 10 non-producing wells. The Company's gas wells are located onshore in six concessions of Italy: Lucera, Masseria Acquasalsa, Misno Adriatico, San Andrea, San Mauro, and Torrente Cigno. Each concession has a producing well except Lucera concession, which has over two producing wells. The Company holds over five additional concessions in Italy. The Company also has interests in over two exploration permits and two exploration applications in Italy.
Zenith Energy Completes Acquisition of BP's Amsterdam Terminal
Zenith intends to invest approximately $100 million USD in the Amsterdam terminal, with the goal to fully utilize its capacity for products and liquefied petroleum gas ("LPG") storage.
Zenith Energy acquires Amsterdam terminalling assets from BP
Acquisition is the Company’s second in Europe in the past year