Oil & Gas

Europa estimates $7billion un-risked value offshore Ireland

Europa Oil & Gas said an independent assessment carried out on three prospects has estimated an un-risked net present value (NPV) of around $7billion. The company said the estimate was made on three prospects on the Frontier exploration licence in the Porcupine basin, offshore Ireland. It was also found on a risked NPV basis, there was a 100% working interest of $1.1billion.