Europa Oil & Gas (Holdings) (GB:EOG) has released an update.
Europa Oil & Gas (Holdings) plc has published an updated report indicating that a potential gas discovery at Inishkea West on the Irish offshore licence could significantly reduce the country’s gas emissions by providing a lower-emission alternative to imported gas. The report highlights that indigenous gas from the licence could have more than 12 times less CO2 per barrel of oil equivalent compared to UK imports, and could nearly eliminate the need for such imports for up to three years. Europa is now seeking partners to advance to the drilling stage of this promising licence.
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