Europa Oil & Gas making the case for Irish gas production
March 09, 2023 at 08:01 am
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Europa Oil & Gas (Holdings) PLC (AIM:EOG) Chairman Brian O'Cathain speaks to Proactive after publishing a report commissioned from a third party that suggests gas from its Inishkea targets would be significantly less carbon-intensive to produce and distribute than any viable alternative.
O'Cathain says the publication of the report was motivated by the desire to inform the energy debate currently taking place in Ireland.
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Europa Oil & Gas (Holdings) plc is a United Kingdom-based oil and gas exploration and production company. It is focused on building a balanced portfolio of exploration assets in the United Kingdom, Atlantic Ireland and West Africa. It has a diverse portfolio of hydrocarbon assets at various stages of the development cycle, including exploration and production. It produces oil from four United Kingdom oilfields: Wressle, West Firsby, Crosby Warren and Whisby W4 well. It produces approximately 93 barrels of oil per day (bopd) from three of its United Kingdom oilfields, as well as a net of over 225 bopd with the development at Wressle. It also holds a 25% working interest in the Serenity oil discovery. Its Inishkea prospect in FEL 4/19 is located in the Slyne basin. It holds a 75% interest in and is the operator of, the Inezgane Permit, offshore Morocco. The Company, through Antler Global Limited, holds an 80% operated interest in the EG-08 production sharing contract.