businessIsland Oil gets 5-year licenceISLAND OIL & GAS PLC, an Irish oil and natural gas producer, was awarded a five-year licence to explore off the Dutch North Sea coast.
businessOffshore gas contracts awardedISLAND Oil & Gas plc has awarded a contract to Pegasus International UK Ltd, for front-end engineering work ahead of the joint development of the Old Head of Kinsale and Schull Gas Fields. The Studies, which will focus on field development options, including subsea tiebacks, will commence immediately ahead of plans to bring the Fields onstream during 2009.
businessIsland Oil & Gas swap agreement approvedIsland Oil & Gas plc has today announced that the company's asset swap agreement with OMV has received the relevant governmental and partner approvals.