Europa Oil & Gas granted offshore Ireland license extension
Europa Oil & Gas (Holdings) plc will continue with additional technical studies of a license in the Irish Atlantic Margin after being granted an extension from the Irish Government’s Department of Climate, Energy, and the Environment. The agency approved extending Phase 1 of FEL 4/19 to Jan. 31, 2028.
FEL 4/19 is a Triassic gas hydrocarbon play in the Inishkea West prospect and lies in Slyne basin near Corrib gas field. It is estimated to contain 1,554 bcf Pmean gross unrisked gas resources.
The company is seeking a partner to advance development of the license.
William Holland, chief executive officer of Europa, said “[g]iven the proximity to existing infrastructure, a discovery at Inishkea West could be brought online quickly and would reduce Ireland’s reliance on imported gas. Domestic gas from Inishkea West would have significantly lower carbon emissions than imported gas from the UK, Norway or further afield.”
Europa is 100% owner and operator of FEL 4/19.