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January 2019

Europa Oil agrees farmout terms for Irish licences

Geoff Percival -

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