Kosmos farms into Irish assets

摘要

Europa Oil & Gas has agreed to farm out equity to Kosmos Energy in Licensing Option 11/7 (LO 11/7) and LO 11/8 in the South Porcupine Basin offshore Ireland. Under the deal Kosmos will: acquire an 85% stake and become operator of both licences; fully fund the costs of a 3D seismic programme on each licence; and pay 85% of costs incurred by Europa to date.