Ramco gets Seven Heads gas flow

Aberdeen-based independent oil company Ramco saw gas flow from its Seven Heads field off the coast of Cork this weekend.

The Seven Heads field is adjacent to Ireland's largest producing gas field, Kinsale, which is operated by Marathon, and is expected to contribute about 10-15% of Irish demand for gas in 2004.

The company also announced today that it has been awarded the East Kinsale licensing option in the Celtic Sea.

The company and its subsidiaries operate in two divisions: oil field services and oil and gas exploration and production.

Its oil and gas exploration and production division operates in the Caspian Sea region, Central and Eastern Europe, and the Irish Sea

Ramco also holds a 50% stake in British Steel Ramco Pipeline Services, a joint venture with British Steel, to provide pipeline-coating services.