Europa Oil and Gas’ farm out of interests in two licences in Lincolnshire has been approved, the company said yesterday.
Europa oil and gas
Aberdeen-based Zenith Energy has won a contract worth a six-figure sum to provide well management services for Europa Oil and Gas.
Europa Oil and Gas said today it had snapped up a rival firm for £1 - a move that will increase its stakes in two UK exploration licences.
Europa Oil & Gas has increased its sole operatorship licences in the Atlantic basins offshore Ireland to seven following the latest transfer of two licences from Kosmos Energy.
Europa Oil and Gas and Union Jack Oil have joined other oil juniors on the PEDL143 licence in southern England, which hosts the Holmwood prospect, after signing a deal to acquire a stake in the project by partly funding future work programmes.
Europa Oil and Gas is gearing up for production from its Wressle onshore UK oil field and is aiming to expand its acreage in Ireland's Atlantic Margin.
Europa Oil & Gas today said a trio of offshore finds will add 895 million barrels of oil equivalent (boe) to its portfolio.
Europa Oil has said success with its offshore Ireland assets would be a "company maker" for the upstream independent.
British independent producer Europa Oil & Gas has said it expects its fortunes to improve in coming months after reporting a year-on-year loss in its recent 12-month results.
Europa Oil & Gas believes there may be more oil in its Lincolnshire well than it had earlier thought.