Europa Oil & Gas

What Europa Oil & Gas does

Europa Oil & Gas (Holdings) plc is an AIM-listed (LSE: EOG) exploration and production company incorporated in England and Wales, headquartered in London, and operating across the United Kingdom, Ireland, and Equatorial Guinea. The company runs a balanced portfolio of producing, appraisal, and exploration hydrocarbon assets: producing oil from three UK onshore fields — Wressle (PEDL180, ~93 bopd net), West Firsby (DL003), and Crosby Warren (DL001) — totaling approximately 114 barrels of oil per day net average. Appraisal and exploration activity centers on the Cloughton gas discovery (PEDL343) in North Yorkshire, the Broughton North prospect (PEDL182), the Inishkea West gas prospect offshore Ireland under Frontier Exploration Licence FEL 4/19, and the EG-08 production sharing contract offshore Equatorial Guinea held via a 42.9% stake in Antler Global Limited. The portfolio's total unrisked prospective resource base spans multiple trillions of cubic feet of gas equivalent across the EG-08 (2.2 TCFE mean) and Inishkea West (1.5 TCF Pmean) assets.

The company's core technology stack centers on conventional 3D seismic analysis and Amplitude Variation with Offset (AVO) techniques for prospect identification, with an 89% historical success rate across nine wells drilled using this methodology in the EG-08 area since 2005. Infrastructure-led exploration is a defining approach: EG-08 prospects lie 9km from Chevron's Alen platform and 30km from Aseng FPSO, and Inishkea West sits 18km from the Corrib gas field, enabling fast-track development with reduced capital intensity. At Wressle, extended well testing combined with proppant squeeze technology is used to optimize flow rates toward 950 bbl/day gross production capacity. Exploration activities are led by a lean technical team with direct Slyne Basin experience, including former Enterprise Oil personnel involved in the original Corrib discovery.

Europa generates revenue by selling crude oil from UK onshore fields via tanker transport to UK refineries, principally Immingham and Phillips 66 Humber Refinery (the latter connected to Viking CCS from 2026). The go-to-market model is dual-tracked: stable cash flow from established UK production funds corporate overhead while the company pursues farm-out partnerships to carry exploration risk on higher-impact assets — most recently the December 2025 EG-08 farm-out to Fuhai (Beijing) Energy, under which Fuhai funds up to 95% of the $53 million Barracuda exploration well. Investor relations are conducted through RNS announcements, investor presentations/webinars, and an active AGM cycle, with major shareholders including Hargreaves Lansdown (14.97%), Interactive Investor (14.44%), and Tejara Capital (7.57%).

Name

Europa Oil & Gas

Legal name

Europa Oil & Gas (Holdings) plc

Website

https://europaoil.com

Company type

Public

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Europa Oil & Gas (Holdings) plc is an AIM-listed exploration and production company focused on UK onshore oil production plus appraisal and exploration assets in Ireland and Equatorial Guinea, serving UK refineries with crude oil from Wressle, West Firsby, and Crosby Warren fields.

Ownership category

akta.pro rank

Product category

Oil & Gas Exploration and Production

NAICS

Oil and Gas Extraction (2111), Crude Petroleum Extraction (211120), Natural Gas Extraction (21113)

SIC

Crude Petroleum & Natural Gas (1311), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Offshore E&P (Shallow/Deepwater, Subsea Production Systems) (EUALAAAI)

akta.pro secondary industries

Production Operations & Well Optimization (Artificial Lift, Flow Assurance) (EUALAAAF), Offshore Natural Gas E&P (Shallow & Deepwater) (EUAAAAAF)

Keywords

• Oil and gas exploration
• Hydrocarbon production
• Upstream oil gas
• Farm-out partnerships
• UK onshore drilling

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Technology or R&D, Personnel, Marketing or Sales, Others

Revenue model

1. Oil Production and Sales: Europa generates revenue from selling crude oil produced from UK onshore fields. Total average net production of approximately 114 barrels of oil per day from current UK onshore field production. Wressle contributes roughly 82% of this production (~93 bopd net). Oil is transported by tanker to the refinery at Immingham in NE Lincolnshire.
2. Gas Production and Sales: Revenue from gas production when assets reach commercial production stage. Currently gas production from UK onshore fields with potential for gas grid connection at Cloughton. Future revenue anticipated from Equatorial Guinea EG-08 block and Irish Inishkea West prospect upon successful drilling.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Europa Oil & Gas (Holdings) plc is an AIM-listed exploration and production company that develops a balanced portfolio of hydrocarbon assets at production, appraisal, and exploration stages. The company generates revenue from three UK onshore producing oil fields (Wressle, West Firsby, and Crosby Warren) producing approximately 114 barrels of oil per day net, while pursuing higher-impact growth through the Cloughton gas appraisal project in North Yorkshire, the EG-08 offshore block in Equatorial Guinea (held via a 42.9% stake in Antler Global), and the FEL 4/19 licence offshore Ireland containing the Inishkea West gas prospect.

Product overview

Europa Oil & Gas (Holdings) plc is an AIM-listed exploration and production company operating a balanced portfolio of hydrocarbon assets. The company generates revenue from three UK onshore producing oil fields (Wressle, West Firsby, and Crosby Warren), while pursuing growth through exploration and appraisal projects including the Cloughton gas appraisal project in North Yorkshire, the EG-08 offshore block in Equatorial Guinea via its 42.9% stake in Antler Global, and the FEL 4/19 licence offshore Ireland containing the Inishkea West gas prospect. Total average net production is approximately 114 barrels of oil per day from UK onshore operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Wressle Oil Field Onshore UK oil production asset in the East Midlands (PEDL180), currently Europa's most productive UK field contributing approximately 82% of total UK production. Produces from the Ashover Grit, Wingfield Flags, and Penistone Flags reservoirs, with gross production capacity of 950 bbl/day following proppant squeeze optimization. Europa holds 30% interest, Egdon Resources operates with 30%, and Union Jack holds 40%.
• West Firsby Oil Field Onshore UK oil field in the East Midlands (DL003) with 100% working interest held by Europa. Two producing wells generate approximately 40 bopd, with crude transported to Immingham refinery. Existing wellbores and geothermal gradient are being evaluated under an MOU with Causeway Geothermal for geothermal energy potential.
• Crosby Warren Oil Field Onshore UK oil field near Scunthorpe (DL001) operating since 1987 with two production wells on beam pumps generating approximately 30 bopd. Part of Europa's UK onshore producing asset base alongside Wressle and West Firsby.
• Cloughton Gas Appraisal Project Gas appraisal project in North Yorkshire (PEDL343) targeting a Carboniferous gas discovery with an estimated Pmean GIIP of 192 BCF. Europa assumed operatorship in July 2023 with 40% interest alongside Petrichor at 20%. The appraisal well is designed to determine commercial flowrates, with gas monetisation planned via connection to the nearby UK gas grid.
• Broughton North Exploration Prospect

Quantifiable outcome

• 80% chance of success for Barracuda-1 well based on direct hydrocarbon indications
• +4 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Fuhai (Beijing) Energy Limited / Fuhai GroupcoreStrategic or Co-development Partner · 30 December 2025Farm-out agreement signed December 30, 2025 for Fuhai Group to acquire 40% interest in EG-08 production sharing contract offshore Equatorial Guinea. Fuhai will fund up to 95% of the $53 million cost of the Barracuda exploration well. Transaction received approval from Equatorial Guinea Ministry for Mining and Hydrocarbons, pending Overseas Direct Investment approval from China's Shandong Provincial government. Following completion, Antler will hold 40% working interest, Fuhai 40%, and GEPetrol 20%.
• Guinea Ecuatorialde Petroleos (GEPetrol)coreStrategic or Co-development PartnerNational oil company of Equatorial Guinea holds 20% carried interest in EG-08 production sharing contract. Standard PSC arrangement for Equatorial Guinea where the state has a carried 20% interest plus royalty and profits share depending on production.
• Antler Global LimitedcoreStrategic or Co-development PartnerEuropa holds 42.9% ownership interest in Antler Global, which was set up specifically to acquire the EG-08 block effective October 2023. Antler operates the EG-08 licence. Post farm-out to Fuhai, Antler will hold 40% working interest.
• Egdon Resources (Operator)coreChannel Partner/ Reseller/ DistributorEgdon Resources holds 30% interest and operates PEDL180 (Wressle) and PEDL182 (Broughton North). Union Jack holds 40% in both licences.
• EOG (Operator)coreChannel Partner/ Reseller/ DistributorEOG holds 40% interest and operates PEDL343 (Cloughton). Europa holds 40% and Petrichor 20% in this licence.
• Union JackcoreChannel Partner/ Reseller/ DistributorUnion Jack holds 40% interest in PEDL180 (Wressle) and PEDL182 (Broughton North). Europa holds 30% and Egdon 30% in both licences.
• Causeway GeothermalminorStrategic or Co-development PartnerMOU signed June 2021 with Causeway Geothermal to evaluate geothermal energy potential at West Firsby site. West Firsby's existing wellbores, production data, and geothermal gradient make it a candidate for testing geothermal solutions.
• Phillips 66 LtdminorChannel Partner/ Reseller/ DistributorEuropa exports oil to Phillips 66 Humber Refinery which is connected to the Viking Carbon Capture and Storage project. From 2026, emissions from Europa's crude oil refining will be captured and stored, reducing emissions intensity.
• i3 Energy plcminorStrategic or Co-development PartnerFarm-in agreement signed March 2022 for Serenity appraisal well in UK North Sea (PEDL235/P2358). Europa participated in drilling the SA02 well. Licence update provided September 2024.
• Zenith EnergyminorStrategic or Co-development PartnerEuropa worked with Zenith Energy on recent drill cost estimates for Inishkea West prospect. Dry hole cost including mob and demob estimated at $40 million.
• Gas Networks IrelandminorStrategic or Co-development PartnerReference source for Irish gas infrastructure and demand data. Gas generated 48% of Ireland's electricity in 2022, with 75% of gas imported through UK interconnectors.
• ChevroncoreStrategic or Co-development PartnerEG-08 prospects positioned near Chevron's producing Alen platform (9km) and Aseng FPSO (30km). Potential discoveries would use Chevron infrastructure for processing, transhipment, and export. Chevron holds adjacent Blocks O and I with producing fields using same Douala/Rio Muni Petroleum System.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Eco (Atlantic) Oil & Gas Inc. AIM/TSX-V-listed small-cap E&P with offshore exploration interests in Guyana, Namibia, and South Africa. Comparable as a small-cap explorer pursuing high-impact wells in frontier-to-emerging basins using farm-out funding.
• Panoro Energy ASA: Oslo-listed West Africa-focused E&P. Highly comparable commodity mix and geography, with a portfolio of producing and development assets in Equatorial Guinea and elsewhere along the West African transform margin.
• Egdon Resources plc: AIM-listed UK onshore E&P operator. Closest direct peer because Egdon operates Wressle (PEDL180) and Broughton North (PEDL182) joint ventures alongside Europa, sharing the same licences, geology, and regulatory environment.
• Jersey Oil & Gas plc: AIM-listed small-cap UK North Sea E&P. Comparable scale and listing tier, with a similar strategy of developing a focused UKCS upstream portfolio with a mix of production and near-term development assets.
• i3 Energy plc: AIM-listed North Sea E&P of comparable size to Europa. Directly comparable as a London-listed small-cap upstream E&P pursuing farm-out-funded exploration and appraisal; Europa was a farm-in partner on the Serenity well operated by i3.
• Union Jack Oil plc: AIM-listed UK onshore E&P with a near-identical portfolio footprint. Co-venturer with Europa on Wressle and Broughton North, giving it the same revenue mix and exploration upside.

Broad incumbents

• EnQuest plc: Main Market-listed UK North Sea operator with a diversified UKCS portfolio. Broader incumbent comparison: sets the benchmark for capital allocation and operating costs in the UK upstream sector where Europa's UK onshore assets operate.

Emerging players

• Tower Resources plc: AIM-listed Africa-focused E&P with similarly modest production and a farm-out-led exploration strategy. Comparable scale and capital markets profile, though focused on different African jurisdictions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/Europaoilandgas
• LinkedInlinkedin.com/company/europa-oil-and-gas-holdings-plc

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Europa Oil & Gas