Irish drilling in 2017: Kosmos

US explorer Kosmos Energy is set to attract fresh investment to its two Irish-based licences, via a farm-out process, later this year. 

Drilling at the assets, located in waters off the south-west coast, is also now tipped to begin in 2017, as opposed to 2016 as previously thought.

The Dallas-headquartered company has an 85% holding in two licences — FEL 2/13 and FEL 3/13 — in the south Porcupine Basin off the Co Kerry coast; a comprehensive update on which was yesterday issued by junior partner, London-based explorer, Europa Oil & Gas, which holds the remaining 15% of the combined asset play.