By:
Geoff Percival - BreakingNews.ie
British exploration company Europa Oil and Gas has tentatively agreed terms with an unnamed major international oil and gas company to develop a significant portion of its Irish offshore licences.
Completion of a deal would allow for Europa and its partners to undertake a drilling campaign in waters along the west coast next year.
Ireland is a key region for the British company, with it sitting on about five billion barrels of oil and 2.5 trillion cubic feet of gas in six offshore licences here.
Posted Date:
15 January 2019