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).
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.