Swiss company to drill for gas in Lake Geneva

30th July 2009, Comments 0 comments

Local authorities in the village of Noville allow Petrosvibr to build a derrick and search for gas.

Geneva -- A Swiss gas trading company has received permission to drill for gas in Lake Geneva, raising the prospect of oil structures appearing at the foot of the Alps, Swiss news agency ATS reported Wednesday.

Local authorities in the village of Noville, on the southeastern edge of the lake, gave the company, Petrosvibri, the final approval to erect an oil derrick and search for gas in the autumn.

Swiss media reported that the CHF 20 million project (EUR 13.1 million, USD 18.1 million), which is due to be presented in August, would allow a 61-metre high structure in Noville to drill up to three kilometres beneath the lake.

The original project had sparked strong objections from environmental groups, but the final planning opposition was dropped in June.

AFP / Expatica

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