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.

British exploration company Europa Oil and Gas is expecting to finalise a development partner for the bulk of its Irish offshore licences in the coming months, enabling drilling work to begin sometime next year.

British explorer Europa Oil and Gas has launched a farm-out process for three of its licences located off the west coast, comprising half of its Irish-based assets.

Europa Oil and Gas, the British exploration company active off the west coast of Ireland, is looking to drill at its flagship asset close to the Corrib gas field next year.