Seismic surveys begin off Kerry coast

Texan exploration company Kosmos Energy has commenced 3D seismic surveys on the two prospects off the Co Kerry coast in which it bought controlling stakes earlier this year.

The move follows the formal granting of approval by the Government, upgrading the previously rated licensing options into frontier exploration licences.

In April, Kosmos took a 75% stake of a licensing block owned by Canadian explorer, Antrim Energy, in return for funding of a detailed seismic study on the prospect; while additionally acquiring an 85% holding in the two Porcupine Basin licensing options previously fully controlled by London-based company Europa Oil & Gas.