Europa Oil to launch Irish farm-out in January

British explorer Europa Oil and Gas is hopeful of concluding a farm-out deal for its offshore Irish assets during the first half of next year.

Last month, the London company’s senior partner here, the Dallas-based Kosmos Energy, announced its intention to pull out of Ireland in favour of focusing on its African assets.

Kosmos holds an 85% stake in two licences in the South Porcupine Basin, off the coast of Co Kerry, with Europa controlling the remaining 15%.