LO 16/19

 

Licence LO 16/19
Europa interest 0%
Partners  
Area km2 976
Basin South Porcupine
Play Cretaceous Shelf, Paleocene
Term  

On 5 February 2020 Europa announced it had elected to relinquish its interest in LO16/19. This follows the completion of the agreed work programme, including a full technical assessment, which concluded that the prospectivity of LO16/19 is limited. Delivery of all reporting requirements and relinquishment was confirmed by the Petroleum Affairs Division of the Department of Communications, Climate Action & Environment on 3 February 2020. The relinquishment has negligible impact on the value of Europa’s portfolio.