EIRGAS acquires Kinsale interests

EIRGAS has acquired a 40% interest in the Kinsale Head area comprising the Kinsale Head, South West Kinsale, and Ballycotton gas fields from Labuan Energy Corp.

Offshore staff

DUBLIN, Ireland-- EIRGAS has acquired a 40% interest in the Kinsale Head area comprising the Kinsale Head, South West Kinsale, and Ballycotton gas fields from Labuan Energy Corp. As part of the same transaction, EIRGAS has acquired a 40% interest in the adjacent producing Seven Heads gas field

The closing of this transaction is subject to Irish regulatory approval and is expected to be completed by 1Q 2010.

09/15/2009

More in Company News