Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Kosmos Gets Go-Ahead for Irish Farm-In

change text size

Europa Oil & Gas reported Monday that it has received government consent for the farming out of its Irish licensing options to independent oil and gas firm Kosmos Energy.

Europa reported that the Irish government has approved the transfer from Europa to Kosmos of 85 percent of Europa’s Licensing Option 11/7 and LO 11/8, which together cover approximately 770 square miles in the South Porcupine Basin in the Irish Atlantic Margin. Kosmos also assumes operatorship of the licensing options, while Europa will retain 15 percent of both options.

The proposed farm-in deal was previously announced April 18.

Europa CEO Hugh Mackay commented in a company statement Monday:

"Subject to government approval for converting the Licensing Options into full exploration licences, the next steps will involve acquiring 3-D seismic over both blocks. We are pursuing the same Cretaceous stratigraphic play that Kosmos pioneered in the Atlantic Margin basins offshore West Africa. Kosmos have outstanding technical and operational experience of exploring this play and are the ideal partner to lead our exploration programme in the South Porcupine basin.

"The recent announcements by ExxonMobil on 23 April of the commencement of drilling on the nearby Dunquin prospect and by Cairn Energy on 7 May regarding their farm-in to three licences in the North Porcupine basin indicate that we are entering an important period in offshore Ireland oil and gas exploration, in which Europa will be playing a key role."



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Shell Hits Gas in Pre-Salt Reservoir O... (Oct 22)
 -  BP Awards FEED Contracts for Tangguh E... (Oct 22)
 -  Nordic Energy Strengths its Board with... (Oct 22)
 -  Lakes Oil Bags 2 Offshore Exploration ... (Oct 21)
 -  Statoil Finds up to 80M Barrels of Oil... (Oct 21)
Most Popular Articles
From the Career Center
Jobs that may interest you
Formation Reservoir Solutions- Geophysicist - Consultant III
Expertise: Geophysicist
Location: Denver, CO
 
Business Development Representative - Consulting
Expertise: Business Development
Location: Houston, TX
 
Integrity Data Specialist
Expertise: Software Specialist
Location: Houston, TX
 
search for more jobs