Europa closer to first well in the Slyne basin offshore Ireland

Slynenew 000
(Courtesy Europa Oil & Gas)

Offshore staff

DUBLIN, Ireland – The Irish government has approved Europa Oil & Gas’ application to convert offshore licensing option 16/20 to frontier exploration license 4/19 (FEL 4/19).

This area, in the Slyne basin off northwest Ireland, includes the potential 1.5-tcf Inishkea prospect and the Corrib North gas discovery, and is close to the producing Corrib gas field.

Europa’s immediate priority is to confirm a site survey in preparation for an initial exploratory well, subject to funding and regulatory consent.

CEO Hugh Mackay said the company was eyeing a potential development using spare capacity in the nearby gas infrastructure serving Corrib. Various major oil companies are interested in farming in to FEL 4/19, he added.

Inishkea is a large fault-bounded Triassic Corrib sandstone structure with gas potentially sourced from the underlying Carboniferous. The trap comprises a combination of Triassic Uilleann Halite top seal and fault seal.

Europa has identified a location for the first (18/20-H) well.

08/07/2019

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