Oil firm ‘excited’ at Irish prospect

British exploration firm, Europa Oil and Gas has said it definitely intends to participate in the Government’s 2015 Atlantic Margin licensing round and hopes to begin drilling at its existing assets, off the west coast, during 2016.

The London-based explorer alluded to its Irish assets — it co-owns, with US explorer, Kosmos Energy, two prospects in the south Porcupine Basin, off the Kerry coast — earlier this week, when updating on drilling progress at one of its onshore UK assets.

It said that it is due to receive a new prospect inventory from Kosmos, based on 3D seismic data acquired late last year, concerning its two prospects, both of which, it added, “have company-making potential”.