Farm-out agreements to help develop group’s offshore interests

ISLAND Oil & Gas plc has announced it has concluded two farm-out agreements to help develop its Irish offshore interests.

Farm-out agreements to help develop group’s offshore interests
Wed, 11 Apr, 2007 - 01:00
Brian O'Mahony

The first deal could see gas coming ashore from the group’s Old Head of Kinsale field in the last quarter of 2008, the company said yesterday.

It involves a farm out agreement with Valhalla Oil and Gas, which involves the group taking a 20% interest in Island’s Old Head of Kinsale gas field in the Celtic Sea.

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