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Lansdowne seeks North Celtic Sea partners

Bill Lehane -

Irish explorer Lansdowne Oil & Gas has said it is on the hunt for farmout partners to three of its licences in the North Celtic Sea Basin offshore Ireland.

The player announced on Tuesday that it had received processed 3D seismic data carried out during the summer over the Amergin, Rosscarbery and Midleton Prospects.

Chief executive Dr Steve Boldy said that interpretation of the fresh datasets gathered using the Polarcus Samur seismic vessel was now underway.

He said that “this will be followed by farming down ahead of planned exploratory drilling in 2012".

The player currently holds either 100% or 99% of the three prospects off southern Ireland.

Lansdowne is an exploration and appraisal oil and gas company listed in London on the Alternative Investments Market.

The company was one of three Irish explorers recently granted an extended exploration licence for the Barryroe oil discovery, also in the North Celtic Sea basin, where drilling got underway earlier this week.

Posted Date: 
25 November 2011