Europa Oil in fresh Irish partner talks after potential investor pulls out

British exploration company Europa Oil and Gas is in talks with a number of potential development partners for its offshore Ireland assets despite an unnamed oil major, which was in pole position, walking away from the process.

Europa is largely dependent on its strong Irish asset base, which consists of around five billion barrels of oil and 2.5 trillion cubic feet of gas, in six offshore licences here and has been searching for development partners since 2018.