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    1. Regional Reports

    Ireland upgrades Avalon acreage to frontier license

    Jan. 21, 2019
    Total and its partners have successfully applied to convert a licensing option (LO 16/27) in the southern Porcupine basin offshore southwest Ireland to a frontier exploration license (FEL 2/19).

    Offshore staff

    DUBLIN, Ireland – Total and its partners have successfully applied to convert a licensing option (LO 16/27) in the southern Porcupine basin offshore southwest Ireland to a frontier exploration license (FEL 2/19).

    The concession contains the undrilled PalaeoceneAvalon prospect, close to the previously drilled Dunquin North structure.

    If the partners commit to drill an exploration well Total will pay 60% of the costs, subject to a cap of $42 million.

    01/21/2019