Repsol takes stake in frontier Ireland license

Repsol has agreed to farm into Frontier Exploration License 3/04 (Dunquin) offshore western Ireland.

Offshore staff

DUBLIN, Ireland – Repsol has agreed to farm into Frontier Exploration License 3/04 (Dunquin) offshore western Ireland.

The company will take a 25% interest, comprising 12.5% from operator ExxonMobil and 12.5% from Eni.

Following completion of the transaction, the respective equity interests in the license will be ExxonMobil 27.5%; Eni 27.5%; Repsol 25%; Providence 16%; and Sosina 4%.

09/19/2011

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