Ireland upgrades Avalon acreage to frontier license

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

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