Europa Oil & Gas announced the near-doubling of its estimate of gross mean unrisked prospective resources on FEL 3/13 in the South Porcupine Basin. This estimate rose from 1.5 billion to 2.9 billion BOE following the completion of prestack depth migration reprocessing of 3D seismic data originally acquired in 2013. Europa intends to launch a farm-out process for FEL 3/13 once it has brought other Porcupine licenses (FEL 2/13 and FEL 1/17) to the same level of evaluation.
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